Company collected monthly data to estimate the relationship between electricity costs and machine hours. The data and regression output are provided below Month January February March April May June July August September October November December Machine Hours 2,200 2,600 1,600 2,800 3,500 3,000 3,800 3,200 1,700 3,400 4,400 3,900 Electricity Costs $19,050 $22,300 $14,150 $24,300 $28,900 $ 23,300 $25,400 $23,400 $ 16,800 $27,300 $32,300 $28,400 Summary Output Regression Statistics Multiple R 0.958 R Square 0.918 Adjusted R2 0.910 Standard Error 1,572.21 Observations 12.00 Coefficients Standard Error 6,468.83 1,698.62 t Stat P-value Lower 951 Upper 951 3.81 0.00 2,684.06 10,253.60 Intercept Summary Output Regression Statistics Multiple R 0.958 R Square 0.918 Adjusted R2 0.910 Standard Error 1,572.21 Observations 12.00 00 Intercept Machine Hours Coefficients Standard Error 6,468.83 1,698.62 5.76 0.54 t Stat P-value Lower 95% Upper 958 3.81 0.00 2,684.06 10, 253.60 10.59 0.00 4.55 6.97 Using the model generated by the regression analysis, the estimated electricity costs when the company uses 1,900 machine hours is (rounded to the nearest whole dollar) Multiple Choice $17,415. $23,228