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Meg Co. has developed a regression equation to analyze the behavior of its maintenance costs (Q) as a function of machine hours (Z). The following

Meg Co. has developed a regression equation to analyze the behavior of its maintenance costs (Q) as a function of machine hours (Z). The following equation was developed by using 30 monthly observations with a related coefficient of determination of . 90:

Q = $6,000 + $5.25Z

If 1,000 machine hours are worked in one month, the related point estimate of total maintenance costs would be?

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