Vanco Industries wanted to determine the relationship between its monthly operating costs and a potential cost driver,machine hours.The output of a regression analysis showed the following information (Note: only a portion of the regression analysis results is presented here.)
-What is closest to the total cost if the firm uses 4,000 machine hours?
A.$ 2,413.21
B.$ 6,002.36
C.$ 3,589.15
D.$9,652,855.04
Correct Answer:
Verified
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