Question
Regis Corporation wants to know how closely its current cost driver is correlated with its monthly operating costs. The managerial accountant runs a regression analysis
Regis Corporation wants to know how closely its current cost driver is correlated with its monthly operating costs. The managerial accountant runs a regression analysis using a statistical software program and produces the following data:
Intercept Coefficient = 12,200,567
X Variable 1 Coefficient = 95.65
Rsquare
= 0.8574
What is the Regis Corporation's monthly cost equation?
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
