The Reynolds Company Used Regression Analysis to Predict the Annual

Multiple Choice

The Reynolds Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array}{lr}\text { Constant } & \$ 7,650 \\\text { Standard error of Y estimate } & \$ 245.20 \\\text { R - squared } & 0.8650 \\\text { No. of observations } & 30 \\\text { Degrees of freedom } & 28 \\& \\\text { X coefficients) } & 8.437 \\\text { Standard error of coefficients) } & 0.917\end{array}$ The linear cost function is_____.

A) Y = $7,650 + $8.437X
B) Y = $245.20 + $8.437X
C) Y = $7,650 + $0.0917X
D) none of these answers is correct