1. Pam's Stables used two different predictor 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	953.32	2.093	4.44
Predictor Variable	20.90	2.844	3.50

r2 = 0.56

Number of horses:

Variable	Coefficient	Standard Error	t-Value
Constant	4964.50	0.812	4.61
Predictor Variable	864.98	0.294	3.40

r2 = 0.83

What is the estimated total cost for the coming year if 16,000 trainer hours are incurred and the stable has 400 horses to be trained, based on the best cost driver?