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The Fonda Company Used Regression Analysis to Predict the Annual

Question 134

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The Fonda Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
 Constant $6,650 Standard error of Y estimate $745.20 R - squared 0.9350 No. of observations 32 Degrees of freedom 30 X coefficients)  9.438 Standard error of coefficients)  0.287\begin{array}{lr}\text { Constant } & \$ 6,650 \\\text { Standard error of Y estimate } & \$ 745.20 \\\text { R - squared } & 0.9350 \\\text { No. of observations } & 32 \\\text { Degrees of freedom } & 30 \\& \\\text { X coefficients) } & 9.438 \\\text { Standard error of coefficients) } & 0.287\end{array} The coefficient of determination is ____.


A) 0.287
B) 32
C) 9.438
D) 0.9350

Correct Answer:

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