Ben and​ Mildred's Stables used two different independent variables​ (trainer hours and number of​ horses) in two different equations to evaluate the cost of training horses. The most recent results of the two regressions are as​ follows:

  

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Trainer's hours: Variable Coefficient Standard Error t-Value Constant $1,004.95 $217.91 4.61 Independent variable $22.78 $3.23 7.09 2 = 0.56 Number of horses: Variable Coefficient Standard Error t-Value Constant $5,241.40 $1,180.37 4.44 Independent variable $951.60 $271.85 5.25 Trainer's hours: Variable Coefficient Standard Error t-Value Constant $1,004.95 $217.91 4.61 Independent variable $22.78 $3.23 7.09 2 = 0.56 Number of horses: Variable Coefficient Standard Error t-Value Constant $5,241.40 $1,180.37 4.44 Independent variable $951.60 $271.85 5.25

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Ans Since the r2 is higher for the cost driver the number of ho... View the full answer