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A management accountant performs a linear regression of maintenance cost vs. production using a computer...

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Accounting

A management accountant performs a linear regression of maintenance cost vs. production using a computer spreadsheet. The regression output shows an intercept value of $322,897. How should the accountant interpret this information?

Maintenance cost has an average value of $322,897.

The value of x is $322,897 when y equals zero.

The value of y is $322,897 when x equals zero.

The residual error of the regression is $322,897.

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