Thul Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow: Based on the results of the high-low analysis,the estimate of electricity costs in a month with 2,200 machine hours would be:
A)$15,375.
B)$22,825.
C)$15,180.
D)$16,427.

Question

Thul Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow:  Based on the results of the high-low analysis,the estimate of electricity costs in a month with 2,200 machine hours would be:
A)$15,375. 
B)$22,825. 
C)$15,180. 
D)$16,427.

Quizplus · Accepted Answer

The Answer of Thul Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow:  Based on the results of the high-low analysis,the estimate of electricity costs in a month with 2,200 machine hours would be:
A)$15,375. 
B)$22,825. 
C)$15,180. 
D)$16,427.

Thul Company Is Interested in Establishing the Relationship Between Electricity