16) Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:

Regression Statistics
Multiple R	0.9755
R Square	0.9517
Observations	30

	Coefficients	Standard Error	T Stat	P-Value
Intercept	175003	61603	2.84	0.021
Production (X)	11.57	0.9213	12.55	0.000

What is Star's variable cost per unit?

Group of answer choices

$2.84

$12.55

$0.92

$11.57

Flag question: Question 17

Question 171 pts

17) Refer to the information in Question 16. What is Star's formula for estimating costs?

Group of answer choices

Total cost = $11.57 + ($0.9213 Production).

Total cost = $175,003 + ($61,603 Production).

Total cost = $175,003 + ($11.57 Production).

Total cost = $61,603 + ($0.92 Production).

Flag question: Question 18

Question 181 pts

18) Refer to the information in Question 16. How much of the variation in cost is not explained by production?

Group of answer choices

2.45%

4.83%

It is impossible to determine.

7.87%

Flag question: Question 19

Question 191 pts

19) Refer to the information in Question 16. What total cost would Star predict for a month in which production is 2,000 units?

Group of answer choices

$63,446

$198,143

$23,140

$175,003