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Marigold Company makes furniture. The company controller wanted to calculate the faxed and variable costs associated with electrioty use in the factory. Data for
Marigold Company makes furniture. The company controller wanted to calculate the faxed and variable costs associated with electrioty use in the factory. Data for the past four months were collected as follows: Electricity Machine Month cost hours January $8,000 600 February 7,200 650 March 7,500 580 April 8,200 690 Coefficients shown by a regression program are as follows: Intercept X Variable 1 3,500 7.25 Using the results of regression, calculate the foxed cost of electricity. Oa. $5.000 Ob. $1.500 Oc. $2,700 Od. None of these choices are corrid
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