Your Client's Company Wants to Determine the Relationship Between Its

Multiple Choice

Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The output of regression analysis showed the following information: Intercept Coefficient = 89,500
X Variable 1 Coefficient = 62.50
R-square = 0.9855
What is the company's monthly cost equation?

A) y = $98.55x + $89,500
B) y = $62.50x + $89,500
C) y = $89,500x + $62.98
D) y = $89,500x + $98.55