Cori's Cola was to manufacture 500 cases of cola next week. The accountant provided the following regression analysis results of total manufacturing costs. Cost driver is units of cases. SUMMARY OUTPUT Regression Results Regression Statistics R Square Intercept X Variable 1 0.82 Coefficients 115 230 t Stat 1.39 2.18 What is the estimated cost of producing the 500 cases of cola?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
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Cori's Cola was to manufacture 500 cases of cola next week. The accountant
provided the following regression analysis results of total manufacturing costs. Cost
driver is units of cases.
SUMMARY OUTPUT - Regression Results
Regression Statistics
R Square
Intercept
X Variable 1
0.82
Coefficients
115
230
t Stat
1.39
2.18
What is the estimated cost of producing the 500 cases of cola?
Transcribed Image Text:Cori's Cola was to manufacture 500 cases of cola next week. The accountant provided the following regression analysis results of total manufacturing costs. Cost driver is units of cases. SUMMARY OUTPUT - Regression Results Regression Statistics R Square Intercept X Variable 1 0.82 Coefficients 115 230 t Stat 1.39 2.18 What is the estimated cost of producing the 500 cases of cola?
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