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Valle Crucis Corporation Wanted to Determine the Relationship Between Its

Question 261

Multiple Choice

Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here) : Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here) : What is closest to the total cost if the firm uses 4,200 machine hours? A) $5,964.03 B) $3,018.08 C) $2,945.95 D) $12,372,975.38 What is closest to the total cost if the firm uses 4,200 machine hours?


A) $5,964.03
B) $3,018.08
C) $2,945.95
D) $12,372,975.38

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