The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development.One cost that is being looked at closely is administrative costs as a function of student credit hours.Data on administrative costs and credit hours for the past thirteen months are shown below: The controller's office has analyzed the data and has given you the results from the regression analysis: If the controller uses regression analysis to estimate costs,the estimate of the fixed portion of administrative salaries is:
A)Cost = $103.56.
B)Cost = $12,521.26.
C)Cost = $19,943.58.
D)Cost = $96,409.42.

Question

The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development.One cost that is being looked at closely is administrative costs as a function of student credit hours.Data on administrative costs and credit hours for the past thirteen months are shown below:  The controller's office has analyzed the data and has given you the results from the regression analysis:  If the controller uses regression analysis to estimate costs,the estimate of the fixed portion of administrative salaries is:
A)Cost = $103.56. 
B)Cost = $12,521.26. 
C)Cost = $19,943.58. 
D)Cost = $96,409.42.

Quizplus · Accepted Answer

The Answer of The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development.One cost that is being looked at closely is administrative costs as a function of student credit hours.Data on administrative costs and credit hours for the past thirteen months are shown below:  The controller's office has analyzed the data and has given you the results from the regression analysis:  If the controller uses regression analysis to estimate costs,the estimate of the fixed portion of administrative salaries is:
A)Cost = $103.56. 
B)Cost = $12,521.26. 
C)Cost = $19,943.58. 
D)Cost = $96,409.42.

The Business School at Eastern College Is Accumulating Data as a First