Multiple Choice
Refer to Saskatoon Company. When using the least squares (regression) method, what is the yearly utility cost equation (with all variables to the nearest penny) ?
A) total utility cost = $8.83 + ($10,630.80 × machine hours)
B) total utility cost = $10,630.80 + ($8.83 × machine hours)
C) total utility cost = $10,630.80 - ($8.83 × machine hours)
D) total utility cost = $127,569.60 + ($8.83 × machine hours)
Correct Answer:
Verified
Correct Answer:
Verified
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