Big Time Corporation wanted to determine the relationship between its monthly operating costs and a potential...
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Big Time Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here): SUMMARY OUTPUT Regression Statistics Multiple R 0.991108748 R Square 0.982296551 Adjusted R Square 0.977870689 Standard Error 67.58593536 Observations 6 ANOVA dr SS MS F Significance F Regression 1 1013811.899 1013811.899 221.9446735 0.00011823 Residual 4 Total 5 18271.43463 4567.858659 1032083.333 Coefficients Standard Error Intercept X Variable 1 2945.94652 0.718590832 194.105844 0.04823467 t Stat P-value 15.17701095 0.000109885 14.89780767 0.00011823 Lower 95% 2407.022299 0.584669919 What is the cost equation based upon the results of the regression analysis? OA. y $2,945.95 + $0.72 OB. y $2,945.95x + $0.72 OC. y $0.72x + $2,945.95 OD. y=$072x Big Time Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here): SUMMARY OUTPUT Regression Statistics Multiple R 0.991108748 R Square 0.982296551 Adjusted R Square 0.977870689 Standard Error 67.58593536 Observations 6 ANOVA dr SS MS F Significance F Regression 1 1013811.899 1013811.899 221.9446735 0.00011823 Residual 4 Total 5 18271.43463 4567.858659 1032083.333 Coefficients Standard Error Intercept X Variable 1 2945.94652 0.718590832 194.105844 0.04823467 t Stat P-value 15.17701095 0.000109885 14.89780767 0.00011823 Lower 95% 2407.022299 0.584669919 What is the cost equation based upon the results of the regression analysis? OA. y $2,945.95 + $0.72 OB. y $2,945.95x + $0.72 OC. y $0.72x + $2,945.95 OD. y=$072x
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