Question: Write an equation for the cost function based on the regression analysis? The new cost analyst in your accounting department just received a computer-generated report

Write an equation for the cost function based on the regression analysis?

The new cost analyst in your accounting department just received a computer-generated report that contains the results of a simple regression analysis. He was estimating the costs of the marketing department, using units sold as the cost driver. The summary results of the report are as follows:

Variable Coefficient t-statistic p-value
Intercept 12.44 1.39 0.25
Units sold 222.35 2.48 0.001
Adjusted R-square = 0.61

Write an equation for the cost function based on the regression analysis. (Round entry to 2 decimal places, e.g. 15.25.)

(please help solve this here) Cost formula: Total Cost = $_______________ x units sold

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