Refer to E3.15. These data were entered into a regression program, resulting in the following output. Use this output to determine the expected cost if 1,000 items are shipped in one month.

Data from E3.15

Wagner Company incurred the following shipping costs during the past six months. Use the high/low method to determine the expected cost of shipping 1,000 items in one month. Wagner Company incurred the following shipping costs during the past six months. Use the high/low method to determine the expected cost of shipping 1,000 items in one month.

Intercept X coefficient Multiple R 113.5162 0.7015 0.9952