The Eastwood Company Used Regression Analysis to Predict the Annual

Multiple Choice

The Eastwood Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array} { l r } \text { Constant } & \$ 9,650 \\ \text { Standard error of Y estimate } & \$ 875.20 \\ \text { R - squared } & 0.8650 \\ \text { No. of observations } & 33 \\ \text { Degrees of freedom } & 31 \\ & \\ \text { X coefficients) } & 4.937 \\ \text { Standard error of coefficients) } & 0.997 \end{array}$ The variable cost per direct labor hour is _____.

A) $875.20
B) $0.865
C) $4.937
D) $0.997