Louis Tang, a Cost Accountant at Prime Plastics, Inc

Multiple Choice

Louis Tang, a cost accountant at Prime Plastics, Inc.(PPI) , is analyzing the manufacturing costs of a moulded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units) , and his dependent variable is the total cost of the lot (in $100's) .Regression analysis of the data yielded the following tables: Louis's regression model is ___.

A) y = -0.358 + 3.996x
B) y = 0.358 + 3.996x
C) y = -3.996 + 0.358x
D) y = 3.996 - 0.358x
E) y = 3.996 + 0.358x