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The managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete

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The managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete parts a through c. Click the icon to view the monthly data. a. Develop a simple linear regression model between billable hours and overhead costs. Overhead Costs = |+ ( x Billable Hours (Round the constant to one decimal place as needed. Round the coefficient to four decimal places as needed. Do not include the $ symbol in your answers.) Monthly Overhead Costs and Billable Hours Data Overhead Costs Billable Hours $365,000 4,000 $410,000 5,000 $430,000 6,000 $481,000 7,000 $570,000 8,000 $595,000 9,000

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