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Handson Yacht Rentals Generated the Following Regression Based on the Number

Question 161

Multiple Choice

Handson Yacht Rentals generated the following regression based on the number and cost of daily rentals of its yachts during May:  SUMMARY OUTPUT  Statistics  Multiple R 0.825358 R Square 0.681216 Adj RSquare 0.656695 Stand.Error 39.35892 Observations 15\begin{array}{lr}\hline\text { SUMMARY OUTPUT }\\\hline\text { Statistics }\\\text { Multiple R } & 0.825358 \\\text { R Square } & 0.681216 \\\text { Adj RSquare } & 0.656695 \\\text { Stand.Error } & 39.35892 \\\text { Observations } & 15\\\hline\end{array}

 ANOVA dfSSMSF Signpificance F Regression 143,034.743,034.7127.7800170.000151 Residual 1320,138.61,549.12 Total 1463.173.3\begin{array}{lrrrrr}\hline\text { ANOVA }&df&SS&MS&F&\text { Signpificance }F\\\hline \text { Regression } & 1 & 43,034.7 & 43,034.71 & 27.780017 & 0.000151 \\\text { Residual } & 13 & 20,138.6 & 1,549.12 & & \\\text { Total } & 14 & 63.173 .3 & & & \\\hline\end{array}

 Coefficients  Sid Enor t Stat  P-value  Lower 95%  Upper 05%  Lower 95%  Upper 95%  Intercept 2621.21101.80732.6267250.02091747.478460487.361247.478460487.3612 X Variable 1 35.586.10235.2706750.00015118.98015445.346718.98015445.3467\begin{array}{lrlllllll}\hline \text { Coefficients } & \text { Sid Enor } & t \text { Stat } & \text { P-value } & \text { Lower 95\% } & \text { Upper 05\% } & \text { Lower 95\% }& \text { Upper 95\% } \\\hline \text { Intercept } & 2621.21 & 101.8073 & 2.626725 & 0.020917 & 47.478460 & 487.3612 & 47.478460 & 487.3612 \\\text { X Variable 1 } & 35.58 & 6.1023 & 5.270675 & 0.000151 & 18.980154 & 45.3467 & 18.980154 & 45.3467 \\\hline\end{array} If Handson Yacht Rentals rents yachts 45 times during June, how much is its total cost for rentals?


A) $1,601
B) $4,222
C) $4,581
D) $63,173

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