Hipcuts Company operates a chain of trendy beauty salons. The company's chief executive officer is interested in accumulating some information on the overhead costs incurred by the company. You have been asked to analyze the following six months worth of data.
$\begin{array}{|l|c|c|}
\hline & \text { Overhead } & \text { No. of } \
\hline \text { Month } & \text { cost } & \text { Appointments } \
\hline \text { April } & \$ 60,160 & 867 \\hline \text { May } & 56,500 & 624 \
\hline \text { June } & 58,900 & 689 \
\hline \text { July } & 63,500 & 974 \
\hline \text { August } & 59,325 & 730 \
\hline \text { September } & 62,400 & 901 \
\hline
\end{array}$ A regression analysis produced the following coefficients.
Intercept$\quad$$\quad$$\quad$42,900
X Variable 1$\quad$$\quad$20.46 Required:

Question

Hipcuts Company operates a chain of trendy beauty salons. The company's chief executive officer is interested in accumulating some information on the overhead costs incurred by the company. You have been asked to analyze the following six months worth of data.
$\begin{array}{|l|c|c|}
\hline & \text { Overhead } & \text { No. of } \
\hline \text { Month } & \text { cost } & \text { Appointments } \
\hline \text { April } & \$ 60,160 & 867 \\hline \text { May } & 56,500 & 624 \
\hline \text { June } & 58,900 & 689 \
\hline \text { July } & 63,500 & 974 \
\hline \text { August } & 59,325 & 730 \
\hline \text { September } & 62,400 & 901 \
\hline
\end{array}$ A regression analysis produced the following coefficients.
 Intercept$\quad$$\quad$$\quad$42,900
X Variable 1$\quad$$\quad$20.46 Required:

Quizplus · Accepted Answer

The Answer of Hipcuts Company operates a chain of trendy beauty salons. The company's chief executive officer is interested in accumulating some information on the overhead costs incurred by the company. You have been asked to analyze the following six months worth of data.
$\begin{array}{|l|c|c|}
\hline & \text { Overhead } & \text { No. of } \
\hline \text { Month } & \text { cost } & \text { Appointments } \
\hline \text { April } & \$ 60,160 & 867 \\hline \text { May } & 56,500 & 624 \
\hline \text { June } & 58,900 & 689 \
\hline \text { July } & 63,500 & 974 \
\hline \text { August } & 59,325 & 730 \
\hline \text { September } & 62,400 & 901 \
\hline
\end{array}$ A regression analysis produced the following coefficients.
 Intercept$\quad$$\quad$$\quad$42,900
X Variable 1$\quad$$\quad$20.46 Required:

Hipcuts Company Operates a Chain of Trendy Beauty Salons A Regression Analysis Produced the Following Coefficients