Question: Midose'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

Midose'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:

Trainer's hours:

Variable

Coefficient

Standard Error

t - Value

Constant

$ 1 comma 005.25$1,005.25

$ 217.56$217.56

4.61

Independent Variable

$ 22.97$22.97

$3.23

7.037.03

r2

= 0.56

Number of horses:

Variable

Coefficient

Standard Error

t - Value

Constant

$ 5 comma 240.95$5,240.95

$ 1 comma 180.68$1,180.68

4.44

Independent Variable

$ 951.57$951.57

$271.85

5.755.75

r2

= 0.63

What is the estimated total cost for the coming year if

15 comma 30015,300

trainer hours are incurred and the stable has

390390

horses to be trained, based upon the best cost driver?

A.

$ 9 comma 963.55$9,963.55

B.

$ 609 comma 623.63$609,623.63

C.

$ 352 comma 446.25$352,446.25

D.

$ 376 comma 353.25$376,353.25

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