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: Machine Electricity Month Hours Costs January 3,200 $18,750 February 3,600 $21,700 March 2,600 $13,850 April 3,800 $23,700 May 4,500 $28,600 June 4,000 $22,700 July 5,200 $25,100 August 4,200 $23,100 September 2,700 $16,200 October 4,400 $26,700 November 6,000 $31,700 December 5,700 $28,100 Summary Output Regression Statistics Multiple R 0.924 R Square 0.854 Adjusted R2 0.840 Standard Error 2,090.15 Observations 12.00