4. The following information was taken from a computer printout generated from least squares regression analysis for use in estimating overhead costs: Slope Intercept Summary Statistics Correlation coefficient Coefficient 25 2,700 Standard Error tvalue 18 67.33 2.14 5.08 Coefficient of det ermination Standard error 72 5184 137.03 Observations Anova F value 10 42.5 .045 Significance of F Predict the overhead cost for 200X. a. $2,700 b. $7,700 c. $3,697.33 d. $5,000

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4. The following information was taken from a computer printout generated from least squares
regression analysis for use in estimating overhead costs:
Coefficient
25
2,700
Standard Error value
18
67.33
2.14
5.08
Slope
Intercept
Summary Statistics
Correlation coefficient
Coefficient of det ermination
Standard error
Observations
Anova F value
Significance of F
72
5184
137.03
10
42.5
.045
Predict the overhead cost for 200X.
a. $2,700
b. $7,700
c. $3,697.33
d. $5,000
Transcribed Image Text:4. The following information was taken from a computer printout generated from least squares regression analysis for use in estimating overhead costs: Coefficient 25 2,700 Standard Error value 18 67.33 2.14 5.08 Slope Intercept Summary Statistics Correlation coefficient Coefficient of det ermination Standard error Observations Anova F value Significance of F 72 5184 137.03 10 42.5 .045 Predict the overhead cost for 200X. a. $2,700 b. $7,700 c. $3,697.33 d. $5,000
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