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Question: Simple regression results from the data of


Simple regression results from the data of Adriana Corporation are as follows:
Equation:
Overhead = $206,469 + ($45.83 × Machine-hours)
Statistical data
Correlation coefficient . . . . . . . . . . . . . . . . . . . . . . . . . .962
R2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .925

Required
Estimate overhead if the company expects the plant to operate at a monthly average of 9,000 machine-hours next year.



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1.99

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