The Business School at Eastern College Is Accumulating Data as a First

The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development.One cost that is being looked at closely is administrative costs as a function of student credit hours.Data on administrative costs and credit hours for the past thirteen months are shown below: The controller's office has analyzed the data and has given you the results from the regression analysis: If the controller uses regression analysis to estimate costs,the cost equation for administrative salaries is:

A) Cost = $19,943.58 + $13.00 × Credit-hours.
B) Cost = $69,474.40 + $114 30 × Credit-hours.
C) Cost = $96,409.42 + $103.56 × Credit-hours.
D) Cost = $12,521.26 + $11.99 × Credit-hours.

Correct Answer:

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