This Question: 1 pt 11 of 27 (4 complete) This Quiz: 55 pts possible The manager

Question

This Question: 1 pt 11 of 27 (4 complete) This Quiz: 55 pts possible The managerial accountant at Organic Beverage Factory used spreadsheet software to run a regression analysis scenario and compile the following monthly cost data: Organic Beverage Factory Intercept coefficient X Variable 1 Coefficient R-square 4,286,652 $28.21 0.6521 Which of the following is the correct cost equation showing the correlation of monthly costs, based on the results of the regression analysis compiled by the managerial accountant? 0 B. y # S28 21x + S4.28 6.652 ?. ?-? 6521x+ $4,286,652 OD. y $4,286,652 $28.21

Explanation / Answer

REGRESSION EQUATION = y = a + bx

WHERE a = INTERCEPT AND b = SLOPE

so looking in table, and putting values in the equation,

y = $4286652 + $28.21x

so correct answer : B : y = $28.21x + $4286652

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