Assume a regression analysis yields a regression line with the value Y=$120,000 + $0.58X, where Y equals plant labor costs and X equals dollars of production output.  If the company plans to produce $2,400,000 of product during the upcoming month, it would project plant labor costs to be:  a. $324,000 b. $120,000 c. $204,000 d. $2,400,0

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Question 9 

Assume a regression analysis yields a regression line with the value Y=$120,000 + $0.58X, where Y equals plant labor costs and X equals dollars of production output.  If the company plans to produce $2,400,000 of product during the upcoming month, it would project plant labor costs to be: 

a. $324,000

b. $120,000

c. $204,000

d. $2,400,000

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