A company has observed that there is a linear relationship between indirect labor expense (ILE) , in dollars, and direct labor hours (DLH). Data for direct labor hours and indirect labor expense for 18 months are given in the file ILE_and_DLH.xlsx
Treating ILE as the response variable, use regression to fit a straight line to all 18 data points.
Based on your results, If direct labor hours (DLH) increases by one hour, the indirect labor expense (ILE), on average, increases by approximately how much?
Place your answer, rounded to 2 decimal places, in the blank. Do not use any stray punctuation marks or a dollar sign. For example, 34.56 would be a legitimate entry.