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?

Data from E3.21

Batchelor, LLP, an accounting firm, has customers who pay flat monthly fees for services, others who pay by the hour, and still other customers who pay flat fees plus hourly fees. Batchelor wants to understand the relationship between hours worked and fees earned. He has gathered the following data for you. Use the high/low method to determine Batchelor’s revenue formula.

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Intercept X coefficient Multiple R R square Observations 4406.8576 90.2104 0.8499 0.7224 12