The Rockford Company Used Regression Analysis to Predict the Annual

Multiple Choice

The Rockford Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array}{lr}\text { Constant } & \$ 2,500 \\\text { Standard error of Y estimate } & \$ 595.20 \\\text { R - squared } & 0.8650 \\\text { No. of observations } & 30 \\\text { Degrees of freedom } & 28 \\& \\\text { X coefficients) } & 2.037 \\\text { Standard error of coefficients) } & 0.917\end{array}$ The total fixed cost is ____.

A) $2,500
B) $595.20
C) $2.037
D) none of these answers is correct