Louis Katz, a cost accountant at Papalote Plastics, Inc. (PPI), is analyzing the manufacturing costs of a molded plastic telephone handset produced by PPI. Louis's independent variable is production lot size (in 1,000's of units), and his dependent variable is the total cost of the lot (in $100's). Regression analysis of the data yielded the following tables.

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For a lot size of 10,000 handsets, Louis' model predicts total cost will be _____.

Intercept X Coefficients 3.996 0.358 Standard Error 1.161268 0.102397 Source df SS Regression 1 9.858769 Residual 11 8.872 Total 12 18.73077 MS 9.858769 0.806545 t Statistic p-value 3.441065 0.004885 3.496205 0.004413 F 12.22345 S = 0.898 r = 0.526341