Thane Company is interested in establishing the relationship between electricity costs and machine hours. Dat have been collected and a regression analysis prepared using Excel The monthly data and the regression output follow Month January Yebruary March April May June July Nagust September October November December Machine Hours 2,700 3,100 2,100 3,300 4,000 3.500 Electricity Costa $19,300 $22,800 $14.400 $24,800 $29, 150 $ 23,800 $25.650 $23,650 $17,300 $ 27.800 $32,800 $28.650 3,700 2,200 3,900 4,400 Summary Output Hegression statistics Multiple 0.954 * Square 0.911 Adjusted Standard EFTE Observations 12.00 Intercept Haine Hours Coefficient standard rorstat P-value Lover 90 per 951 3,979.06 2.054.03 0.08 ased on the results of the high low analysis, the estimate of electricity costs in a month with 2.400 machine hours would be found cost per machine hour to 2 decimal places and all other dollar amounts to nearest whole dar) Multiple Choice $16,485 $17,795 $23,602 $16,375