Question: When trying to determine the relationship between monthly operating costs and a potential cost driver, the output of regression analysis showed the following results for

 When trying to determine the relationship between monthly operating costs and

When trying to determine the relationship between monthly operating costs and a potential cost driver, the output of regression analysis showed the following results for Wilson, Inc.: Intercept Coefficient = 89,500 X Variable 1 Coefficient = 62.50 R-square = 0.9855 Should Wilson, Inc. use this information to predict monthly operating costs? There is not enough information to make this prediction. Yes, because R-square is so high. No, because R-square is so high. Yes, because regression analysis can always be relied upon

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