The Kojak Company Used Regression Analysis to Predict the Annual

Multiple Choice

The Kojak Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array}{cc}\text { Constant } & \$ 2,500 \\\text { Standard error of } Y \text { estimate } & \$ 545.20 \\\text { R - squared } & 0.650 \\\text { No. of observations } & 30\\\text { Degrees of freedom } & 28 \\\text { X coefficient }(s) & 2.037 \\\text { Standard error of coefficient(s) } & 0.917\end{array}$ The total fixed cost is:

A) $2.037
B) $545.20
C) $2,500
D) None of these answers is correct.