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Suppose a manufacturer has recorded its cost of electricity (in dollars) and the total number of hours of machine time for their factory during a

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Suppose a manufacturer has recorded its cost of electricity (in dollars) and the total number of hours of machine time for their factory during a certain number of weeks. They want to use the data to estimate electric bills based on machine time. Their new statistician analyzed the data. The results are shown below. (Assume scatterplot shows a linear relationship.) Descriptive Statistics: Time, Cost Variable Mean StDev Time 10 2 Cost 1042 259 Pearson's Correlation: 0.74 QUESTION: SUPPOSE THE MACHINES WERE DOWN AND NEVER USED DURING THIS TIME. HOW MUCH IS THE COST ELECTRICITY FOR THE FACTORY? O $83.7 $0 $95.83 None of the other choices is correct

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