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The Perize Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: Indirect Materials Cost Explained by Units
The Perize Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows:
Indirect Materials Cost Explained by Units Produced | |
Constant | $15,685 |
Standard error of Y estimate | $3,500 |
r2 | 0.7832 |
Number of observations | 20 |
X coefficient(s) | 10.25 |
Standard error of coefficient(s) | 2.1876
|
A.
Y = $12,285 + $10.25X
B.
Y = $3,500 + $5.15X
C.
Y = $15,685 + $10.25X
D.
Y = $19,185 + $4.48X
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