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The Oneida Caterings production division processes the data from the companys records. The Oneida Catering costs are used by Meals and Jobs. The following regression

The Oneida Caterings production division processes the data from the companys records. The Oneida Catering costs are used by Meals and Jobs. The following regression output is obtained when costs are regressed on the two independent variables (meals and Jobs) mentioned.

The coefficients are in dollars.

SUMMARY OUTPUT

Regression Statistics

Multiple R

0.902271197

R Square

0.814093312

Adjusted R Square

0.785492284

Standard Error

1172.86924

Observations

16

ANOVA

df

SS

MS

F

Significance F

Regression

2

78310810.68

39155405

28.46378

1.78E-05

Residual

13

17883089.32

1375622.3

Total

15

96193900

Coefficients

Standard Error

t Stat

P-value

Intercept

1720.355196

1871.209693

0.9193813

0.374641

Meals

3.04202908

0.422479141

7.2004243

6.94E-06

Jobs

4.379687014

54.83905457

0.0798644

0.937561

a. Write down the estimated Oneida Catering costs equation using the regression information.

b. Determine the estimated Oneida Catering costs on Meals for 1,200 units and Jobs for 30 units.

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