Thul Company Is Interested in Establishing the Relationship Between Electricity

Thul Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow: Based on the results of the high-low analysis,the estimate of electricity costs in a month with 2,200 machine hours would be:

A) $15,375.
B) $22,825.
C) $15,180.
D) $16,427.

Correct Answer:

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