Question: Assume a regression analysis yields a regression line with the values Y = $120,000 + $.048X, where Y equals monthly fixed plant labor costs and

Assume a regression analysis yields a regression line with the values

Assume a regression analysis yields a regression line with the values Y = $120,000 + $.048X, where Y equals monthly fixed plant labor costs and X equals dollars of production output. If the company plans to produce $2,800,000 of product during the upcoming month, it would project plant labor costs to be: O $355,200. O $120,000. O $254,400. O $2,920,000

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