Should management use equation to predict operating costs

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Reference no: EM133895087

Problem

A legal firm wanted to determine the relationship between its monthly operating costs and a potential cost driver, professional hours. An excerpt from the output of a regression analysis performed using Excel showed the following information: Given this output, write the legal firm's monthly cost equation. Get the instant assignment help. Should management use this equation to predict monthly operating costs? Explain your answer.

Reference no: EM133895087

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