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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
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 the variable cost per machine hour (rounded to the nearest cent)? O A. $2,945.95 OB. $0.99 OC. $0.72 OD. $67.59 Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a analysis show the the icon to vie 0 Data Table variable cose SUMMARY OUTPUT .945.95 .99 7.59 Regression Statistics Multiple R 0.991108748 R Square 0.982296551 Adjusted R Square 0.977870689 Standard Error 67 58593536 Observations ANOVA MS Significance F 0.00011823 1 Regression Residual Total 4 1 013811.8991013811.890 221 9446735 1827143463 4567 858659 1032083 333 Intercept X Variable 1 Coefficients 2045,94652 0718500832 Standard Error Star P-value 104 105644 15.17701095 0.000109885 0 04823467 14 89780767 000011823 Lower 95% 2 407022299 0 584669919 Print Done lect your
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