Multiple Choice
Your boss wants you to analyze the relationship between the company's monthly operating costs and the current cost driver she has chosen. You run a regression analysis and receive the following information: Intercept Coefficient = 653,434
X Variable 1 Coefficient = 5.76
R-square = 0.3784
What is your company's monthly cost equation?
A) y = $653,434x + $5.76
B) y = $0.38x + $653,434
C) y = $5.76x + $653,434
D) y = $0.38x + $576
Correct Answer:
Verified
Correct Answer:
Verified
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