Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and 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 6.000 machine hours? A $1,365.50 OB $7.257.49 OC. $14.729.732.60 OD 96,538.90 Click to select your answer Type here to search o RI 12 AM 2017/2020 @ 2 $ 4 % 5 & 7 6 8 3 U E W R LU i Data Table X determir portion of on of the SUMMARY OUTPUT firm ug Regression Statistics Multiple R 0.991108748 R Square 0.982296551 Adjusted R Square 0.977870689 Standard Error 67.58593536 Observations 6 ANOVA dr Significance F 0.00011823 Regression Residual Total 1 4 SS MS F 1013811.8991013811.899 221.9446735 18271.43463 4567.858659 1032083.333 Print Done O 10

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Explain what is involved in social pre-conditions for take-off.

Answered: 1 week ago