Question: ABC Corp used regression analysis to predict the annual cost of indirect materials. Indirect material cost are explained are as follows: Constant is 4,378; Standard

ABC Corp used regression analysis to predict the annual cost of indirect materials. Indirect material cost are explained are as follows: Constant is 4,378; Standard of error of Y is 912; R-squared is .81 (or 81%); No of observations is 12; Degrees of freedom is 10; X Coefficient is 2.35; and Standard of error of coefficient is .437525. What is the coefficient of correlation? A. 0.66 B. 0.70 C. 0.90 D. 0.81 D. None of the above

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