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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
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):
What is the fixed cost (round to nearest cent)?
A.
$0.99
B.
$2,945.95
C.
$67.59
D.
$0.72
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