Clough Company is interested in establishing the relationship between utiley costs and machine bisars. Duta have been collected and a regression analysis prepared using Excel The monthly data and the regression output follow Month Jamary Machine Hours 3,250 Utility Costs 22.080 February March 3,770 25,200 2,470 16.200 April 4,030 27,600 4,940 33,900 4,290 26,400 29,700 27,300 2,600 18,600 31.200 May June July August September October November December 5330 4.550 4810 6,110 + 37,200 33,300 5,400 H SUMMARY OUTPUT Regression Statics Multiple 96.3% R.Square 93.2% Adjusted R-Squar 92.5% Standard Ver 1,710.21 Observation 12.00 Lowe Upper Coefficies Standard Ero 44122 Stat P-val 93% 95% 2,019 30 230 0.00 1971.74 Machine Houn 4314 434 Required: 1 What is the option for utlays using th 2. Does the variable "chine hours" have statical significance Explain 3. What is the nation for utley costs using high-low method 4. Prepirit of wilay costs for a month when 4,000 chine hours a worked with both ho