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3. Look at the following regression output. Formulate the cost equation as TC=F+vc*x. Report the fixed cost and variable cost from the output. SUMMARY OUTPUT

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3. Look at the following regression output. Formulate the cost equation as TC=F+vc*x. Report the fixed cost and variable cost from the output. SUMMARY OUTPUT Regression Statistics Multiple R 0.997176 R Square 0.994361 Adjusted R Square 0.993734 H Standard Error 137.6205 Observations 11 ANOVA Significance df SS MS F F Regression 30056818 30056818 1587 1.97E-11 Residual 170454.5 18939.39 Total 10 30227273 Standard P- Upper Lower Upper Coefficients Error t Stat value Lower 95% 95% 95.0% 95.0% 1.64E- Intercept 2340.909 125.1721 18.70153 08 2057.75 2624.068 2057.75 2624.068 number of 1.97E- units 104.5455 2.624319 39.83717 11 98.60883 110.4821 98.60883 110.4821

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