Refer to E3.21. These data were entered into a regression program, resulting in the following output. What is Batchelor’s revenue formula according to the regression analysis?
Intercept ...................................................... 4406.8576
X coefficient................................................ . 90.2104
Multiple R .................................................... 0.8499
R square ....................................................... 0.7224
Observations ................................................ 12
Standard error .............................................. 17.6834
T statistic ...................................................... 5.1014