Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The controller's office has analyzed the data and has given you the results from the regression analysis: SUMMARY OUTPUT Regression statistics Multiple R 9.9321989 Adjusted

image text in transcribedimage text in transcribed
The controller's office has analyzed the data and has given you the results from the regression analysis: SUMMARY OUTPUT Regression statistics Multiple R 9.9321989 Adjusted R Square 6.857685279 Standard Error- 20,962.49314 - - - Intercept 93,173.64486 12,969.76798 7.1889317? 1.77759E95 64,647.31995 121,699.9765 64J647.31965 121,699.9765 X Variable 1 163.7358894 12.14867877 8.542823333 3.48374E86 76.93445319 138.427326 7638445319 138.427326 Based on the results ofthe regressmn analysis, the estimate of the variable portion of administrative costs in a month with 200 credit hours would be: Multiple Choice O $40,506. O $20,742. O $117,253. O $196,001

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Advanced Accounting In Canada

Authors: Murray Hilton

6th Edition

0070001537, 978-0070001534

More Books

Students also viewed these Accounting questions