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Which appropriate cost equation based on regression output

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Reference no: EM132607661

Question 1: Which of the following is an appropriate cost equation based on the above regression output?

Option 1: Delivery costs = $366.39 + $0.58 X1, where X1 is the number of cargos.

Option 2: Delivery costs = $0.662 + $2.985 X1, where X1 is the number of cargos.

Option 3: Delivery costs = $242.51 + $1.74 X1, where X1 is the number of cargos.

Option 4: Delivery costs = $48861.07 + $1.74 X1, where X1 is the number of cargos.

Reference no: EM132607661

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