Now, assume Woodwick uses regression analysis to analyze its monthly operating costs for the last...
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Accounting
Now, assume Woodwick uses regression analysis to analyze its monthly operating costs for the last 12 months. Management uses the number of candles produced as its activity driver. The regression results are as follows:
Number of Candles Produced
Intercept 2,258
Slope .125
R-squared 0.20
What is the predicted monthly operating cost when the number of candles produced in the month is 5,200?
PLease show work
Group of answer choices
$2,908
$3,298
$650
$2,258
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