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Thane Company is interested in establishing the relationship between electricity costs and machine Tours Data have been collected a regression analysis prepared using Excel. The

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Thane Company is interested in establishing the relationship between electricity costs and machine Tours Data have been collected a regression analysis prepared using Excel. The monthly data and the regression output follow January February March April May June July August September October November December 2,500 2,900 1,900 3,180 3,800 3,300 4,100 500 2,000 3,700 4,700 4,200 $19,200 $22,600 $14,300 $24,600 $29,85e $23,600 $25,55 $23,550 $17,100 $27,600 $32,600 $28,550 Summary Output Regression Statistics OCC Summary Output Regression Statistics Multiple 0.956 R Square 0.914 Adjusted R? 0.905 Standard Error 1,615.39 Obatons 12.00 Intercep Machine Hours Coefficients 4,974.43 5.76 Standard Error 1,907.43 0.56 t Stat 2.61 10.30 P-value Lower 95% Upper 95% 0.03 724.41 9,224.AS 0.00 4.51 7. Based on the results of the high-low analysis, the estimate of electricity costs in a month with 2.200 machine hours word be Round.com Der machine hour to 2 decimal places and all other dollar amounts to nearest whole dollar) Next $16,250 $23,444. $16,425. O $17,643

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