Question: I conduct a simple linear regression to predict expenses (EXP) based on machine-hours used (MACH). I have 100 data observations (ranging from a low of

I conduct a simple linear regression to predict expenses (EXP) based on machine-hours used (MACH). I have 100 data observations (ranging from a low of 250 MACH and a high of 400 MACH), and my results (from Excel) tell me the Intercept Coefficient is 100 and the MACH Coefficient is 1.93. I'm curious as to what I should expect for expenses if I have an observation with 525 machine-hours used. What would my best estimate be? (rounded to the nearest whole number)

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