The results of the regression analysis to estimate delivery costs are as follows:

Which of the following is an appropriate cost equation based on the above regression output?

Delivery costs = $366.39 + $0.58 X1, where X1 is the number of cargos.

Delivery costs = $0.662 + $2.985 X1, where X1 is the number of cargos.

Delivery costs = $242.51 + $1.74 X1, where X1 is the number of cargos.

Delivery costs = $48861.07 + $1.74 X1, where X1 is the number of cargos.

1 points