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 = 89,620
X Variable 1 Coefficient = 62.53
R-square = 0.9852
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Should your client use this information to predict monthly operating costs?

A) Yes,because R-square is so high.
B) No,because R-square is so high.
C) Yes,because regression analysis can be relied upon.
D) There is not enough information to make this prediction.