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Questions 9 and 1 0 refer to the following: Jones Co . had the following data for machine hours and maintenance costs in each of

Questions 9 and 10 refer to the following:
Jones Co. had the following data for machine hours and maintenance costs in each of the four quarters of their prior fiscal year:
QUARTER 1: 26 hours and $195
QUARTER 2: 24 hours and $193
QUARTER 3: 29 hours and $221
QUARTER 4: 37 hours and $255
9. What is the slope of the mixed cost equation for maintenance costs, using the Linear Regression method?
a. $10.00
b. $5.00
c. $14.00
d. $7.00
10. Using the Linear Regression method and your answer from #9 above, what would be the cost estimated for the first quarter of next year, if the number of machine hours for that quarter are estimated tobe35?
b. $221c. $246
b. $221
d. $234
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