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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.

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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: Month January February March April May June uly August September October November December Machine Hours 3,300 3,/00 2,700 3,900 5,200 4,100 5,100 4,300 2,800 4,500 6,200 5,700 Electricity Costs $ 18,800 $ 21,800 13,900 $ 23,800 $28,650 $22,800 $25,150 $ 23,150 $ 16,300 $26,800 31,800 $ 28150 Summary Output Regression Statistics Multiple R R Square Adjusted R2 Standard Error Observations 95/ 916 908 1,584.49 12.00

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