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Step by step solution please! Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours.

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Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here): SUMMARY OUTPUT Regression Statistics Multiple R 0.991108748 R Square 0.982296551 Adjusted R Square 0.977870689 Standard Error 67.58593536 Observations ANOVA df Significance F 0 .00011823 Regression Residual Total SS MS 1013811.8991013811.899 221.9446735 18271.43463 4567.858659 1032083.333 Intercept X Variable 1 Coefficients 2945.94652 0.718590832 Standard Error t Stat 194.105844 15.17701095 0.04823467 14.89780767 P-value 0.000109885 0.00011823 Lower 95% 2407.022299 0.584669919 What is closest to the total cost if the firm uses 4,200 machine hours? $12,372,975.38 $2,945.95 $5,964.03 $3,018.08

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