dete erfon view A firm wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis performed using Microsoft Excel showed the following information: (Click the icon to view the regression data.) writ ente 1. Given this output, write the firm's monthly cost equation. 2. Should management use this equation to predict monthly operating costs? Explain your answer Re ua 1. Given this output, write the firm's monthly cost equation. (Round your answers to two decimal places, X.XX.) The firm's month cost equation is y=x+ 1x+ Slo nalysis 20 Regression Statistics Multiple R 0.85 a R Square 0.72 Adjusted R Square 0.66 Standard Error 207 23 Observations 12 ANOVA df SS MS F Significance F Regression 1 545878.5 545878 25.42263 0.0005 Residual 10 214721.5 21472 Total 760600 Standard Error P-value t Stat Coefficients Lower 95% Upper 95% 0.78 0.45 1.217.79 (1766.21) 3660.61 Intercept 947.2 3.57 0.01 0.09 0.45 0.08 0.27 X Variable 1