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Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression

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Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here) (Click the icon to view the portion of the regression analysis ) What is closest to the total cost if the firm uses 4,200 machine hours? i Data Table O A. $12 372,975 38 OB. $2,945 95 O C. $5,964.03 OD. $3,018 08 SUMMARY OUTPUT Regression Statistics Multiple R 0.991108748 R Square 0.962290551 Adjusted R Square 0.977870680 Standard Error 67.58593536 Observations ANOVA Regression Residual Total MS 1013811.8901013811.899 18271.43463 4567.858650 1032083 333 221.0446735 Significance F 0.00011823 Intercept X Variable 1 Coefficients 2945.94652 0.718500832 Standard Error 1 94.105844 0.04823467 Stat P-value 15.17701095 0.000109885 14.89780767 0.00011823 Lower 95% 2407.022299 0584669919 Click to select your answer. Print Done

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