MC Qu. 87 Burmer Co. has accumulated data to use in... Burmer Co has accumulated
ID: 3054691 • Letter: M
Question
MC Qu. 87 Burmer Co. has accumulated data to use in... Burmer Co has accumulated data to use in preporing its onnual proft pian for the upcoming year The cost behawior patern hours and maintenance costs for the last year and the resulhs of the regression aneyse are as folows of the maintenence costs must be determined Deta regarding the machinse Month Machine Hours 55 040 420 Mar Apr May 380 July Excel stoff assistont has un regression analyses on the dats a Y (Dependent) Variable Mantenance Cos X Undependenti Vo
Explanation / Answer
From the given regression analysis, we have the below regression equation
ycap = 783.7782 + 6.7771x
Now for x = 600
ycap = 783.7782 + 6.7771*600
ycap = 4850.038
Hence option C i.e. $4850 is correct
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