Wallace Industries Wanted to Determine the Relationship Between Its Monthly

Wallace Industries 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 the cost equation based upon the results of the regression analysis?

A) y = $072x
B) y = $0.72x + $2,945.95
C) y = $2,945.95x + $0.72
D) y = $2,945.95 + $0.72

Correct Answer:

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