Question: A firm wanted to determine the relationship between its monthly

A firm wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis performed using Excel 2007 showed the following information:
1. Given this output, write the firm’s monthly cost equation.
2. Should management use this equation to predict monthly operating costs? Explain your answer.

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  • CreatedApril 30, 2015
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