Question: UpTop Mining has compiled the following data to analyze utility costs: Machine Month Hours Utility Cost January 360 $540 February 585 792 March 720 864

UpTop Mining has compiled the following data to analyze utility costs:

Machine
Month Hours Utility Cost
January 360 $540
February 585 792
March 720 864
April 738 882
May 945 1,116
June 1,224 1,422
July 1,476 1,512
August 1,620 1,620

Use the least squares method to develop a formula for budgeting utility cost. Note: Round your calculations to two decimal places.

y= $ ? + $ ? MH

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