The College of Business at Northeast College is accumulating data as a first step in the preparation of next year's budget development One cost that is being looked at closely is administrative costs as a function of student credit hours Data on administrative costs and credit hours for the past thirteen months are shown below MonthAdministrative Costs Credit Hours July $129,751 700 August 82,973 349 September 225,850 1,626 October 216,574 1,234 November 258,353 1,543 December 184,899 1,346 January 219,497 1,573 February 245,270 1,607 March 209,642 1,298 April 192,015 1,357 May 250,428 1,594 June 170,778 654 July 128,437 549 Total $2,514,467 15,430 Average $193,421 1,187 The controller's office has analyzed the data and has given you the results from the regression analysis SUMMARY OUTPUT Regression Statistics Multiple R09304221 R Square0865685215 Adjusted R Square0853474780 Standard Error20,29967390 Observations13 ANOVA dfSSMSFSignificance F Regression129,215,073,80429,215,073,804708971644400248E06 Residual114,532,844,363412,076,7603 Total1233,747,918,167 CoefficientsStandard Errort StatPvalueLower 95Upper 95Lower 950Upper 950 Intercept65,3615508416,21747628403031580000198092929,66712621101,055975529,66712621101,0559755 X Variable 1107891564412813655928420045389400248E0679688897901360942317968889790136094231 If the controller uses the highlow method to estimate costs, the variable cost per credit hour is

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