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: Based on the results of the regression analysis,the estimate of the variable portion of administrative costs in a month with 200 credit hours would be:
A)$198,808.
B)$20,712.
C)$117,121.
D)$40,242.

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:  Based on the results of the regression analysis,the estimate of the variable portion of administrative costs in a month with 200 credit hours would be:
A)$198,808. 
B)$20,712. 
C)$117,121. 
D)$40,242.

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:  Based on the results of the regression analysis,the estimate of the variable portion of administrative costs in a month with 200 credit hours would be:
A)$198,808. 
B)$20,712. 
C)$117,121. 
D)$40,242.

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