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1. Since the t-statistic is less than 2, the busy season ________ total production costs. Group of answer choices a. does not impact b. does
1. Since the t-statistic is less than 2, the busy season ________ total production costs.
Group of answer choices
a. does not impact
b. does impact
2. If the weekly production is 5,200 units (using the regression results including, fixed, variable and busy season), what is the estimated weekly production costs for Thrustmaster?
Group of answer choices
a. $78,384
b. $78,284
c. $80,696
d. $79,284
SUMMARY OUTPUT 3 Regression Statistics Multiple R 0.78450551 R Square 0.6154489 Adjusted R S 0.59975294 Standard Err 9559.01386 Observations 52 df SS MS F Significance F 2 7165726151 3582863076 39.2106488 6.7823E-11 49 4477362555 91374746 51 1.1643E+10 0 ANOVA 1 2 Regression 3 Residual 4 Total 5 6 7 Intercept 8 Production 9 Busy 0 1 2 Coefficients tandard Erroi t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% 23328.7191 10082.8322 2.31370696 0.02492074 3066.50917 43590.9291 3066.50917 43590.9291 10.5685266 1.79737985 5.87996277 3.5809E-07 6.95655659 14.1804967 6.95655659 14.1804967 2412.60827 3744.08344 0.64437887 0.52233503 -5111.4091 9936.62563 -5111.4091 9936.62563Step by Step Solution
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