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The Results of the Regression Analysis to Estimate Delivery Costs

Question 66

Multiple Choice

The results of the regression analysis to estimate delivery costs are as follows: The results of the regression analysis to estimate delivery costs are as follows: Which of the following is an appropriate cost equation based on the above regression output? A) Delivery costs = $366.39 + $0.58 X<sub>1</sub>, where X<sub>1</sub> is the number of cargos. B) Delivery costs = $0.662 + $2.985 X<sub>1</sub>, where X<sub>1</sub> is the number of cargos. C) Delivery costs = $242.51 + $1.74 X<sub>1</sub>, where X<sub>1</sub> is the number of cargos. D) Delivery costs = $48861.07 + $1.74 X<sub>1</sub>, where X<sub>1</sub> is the number of cargos.
Which of the following is an appropriate cost equation based on the above regression output?


A) Delivery costs = $366.39 + $0.58 X1, where X1 is the number of cargos.
B) Delivery costs = $0.662 + $2.985 X1, where X1 is the number of cargos.
C) Delivery costs = $242.51 + $1.74 X1, where X1 is the number of cargos.
D) Delivery costs = $48861.07 + $1.74 X1, where X1 is the number of cargos.

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