Managerial Accounting (ACC-260-E81) Fall 2020 Rancer Pena & 10/16/20 11:31 PM Homework: Chapter 6 Homework Save cou Score: 0 of 1 pt 8 of 15 (7 complete) HW Score: 34.64%, 5.2 of 15 pts S6-13 (book/static) Question Help e A legal firm wanted to determine the relationship between its monthly operating costs and a potential cost driver, professional hours. An excerpt from the output of a regression analysis performed using Excel showed the following information: (Click the icon to view the regression data) a. Given this output, write the legal firm's monthly cost equation. b. Should management use this equation to predict monthly operating costs? Explain your answer. a. Given this output, write the legal firm's monthly cost equation. (Enter all amounts to the nearest cent, X.XX.) ext The legal firm's monthly cost equation is: y = $ X + $ Sharing a Librai esource Study Enter any number in the edit fields and then click Check Answer. ication T part remaining Clear All Check Answer Type here to search o i 11:31 10/16- Score: 0 of 1 pt 8 of 15 (7 complete) HW Score: 34.64%, 5.2 S6-13 (bg He Data Table tput A legal firm wa regression and (Click the SUMMARY OUTPUT a. Given this b. Should ma Regression Statistics Multiple R 0.92 a. Given this a R Square 0.84 0.81 The legal firm Adjusted R Square Standard Error marin 148.38 Observations 12 Librai ANOVA df SS MS F Significance F ource Regression 1 573,116.90 26.03 0.00 573,116.90 110,083.10 dy Doris 10 2016 Enter any nun Print Done ation T 1 part remaining pe here to search O Homework: Chapter 6 Homework ccou Score: 0 of 1 pt 8 of 15 (7 complete) HW Score: 34.64%, 5.2 S6-13 (bg He me Data Table tout nts A legal firm wa regression and :: (Click the ANOVA a. Given this b. Should me df SS MS F Significance F Regression 1 573,116.90 26.03 0.00 a. Given this a 573,116.90 110,083.10 10 Text Residual 22,016.62 The legal firm 11 Total 683,200.00 at Sharin Lower dia Libra Upper Standard Error Coefficients t Stat P-value 95% 95% Resource 1.57 0.18 -810.75 3.337.42 Intercept X Variable 1 1,263.34 0.26 806.85 0.05 5.10 0.00 0.13 0.39 Study Enter any nun Print Done nication T part remaining Type here to search O g