Question: The following data relates the machine hours incurred in the production process. The company is considering machine hours to estimate manufacturing costs. Variable Coefficient Standard

The following data relates the machine hours incurred in the production process. The company is considering machine hours to estimate manufacturing costs. Variable Coefficient Standard Error t-Value Constant 115 82.73 1.39 Independent variable 230 105.50 2.18 r2 = 0.82

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