Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: the controller uses regression analysis to estimate costs, the cost equation for electricity costs is: Multiple Choice Electricity Costs =$1,741.27+($0.50 Machine-hours ). Electricity Costs =$1,433.89+($12.00 Machine-hours ). Electricity Costs =$3,227.67+($5.77 Machine-hours ). Electricity Costs =$3,227,67+($1,741,27 Machine-hours )