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Interpreting Regression Output Rikki Bake, the controller for XYZ Incorporated, suspects that factory overhead costs are driv

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Answer #1

Answer:

From the summary output, we have, coefficients for:

Intercept = $970.12

Machine hours = 36.138 or 36.14 (rounded to 2 decimals)

Hence, the cost equation is:

Overhead Cost =$ 970.12 )+($ 36.14 x machine hours)

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