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Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The output of regression analysis showed the
Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The output of regression analysis showed the following information: Intercept Coefficient = 89,500 X Variable 1 Coefficient = 62.50 R-square = 0.9855 What is the company's monthly cost equation? O y = $62.50x + $89,500 = O y = $98.55x + $89,500 O y = $89,500x + $62.98 O y = $89,500x + $98.55
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