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3 requirements Assume that Ethan's Steaming Fresh Pancake Restaurant does a regression analysis on the next year's data using Excel. The output generated by Excel
3 requirements
Assume that Ethan's Steaming Fresh Pancake Restaurant does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows: (SEE THE PICTURES BELOW) Requirements 1. What is the fixed cost per month? 2. What is the variable cost per pancake? 3. If Ethan's Steaming Fresh Pancake Restaurant serves 3,500 pancakes in a month, what would the company's total operating costs be? Regression Statistics Multiple R 0.38 0.14 R Square Adjusted R Square 0.14 Standard Error 76.49 Observations 6 W Anova df SS MS F Significance F Regression 1 3945.34 3945.34 0.67 0.46 Residual 4. 23404.66 5851.16 Total On 27350.00 Adjusted R Square 0.14 Standard Error 76.49 Observations 6 Anova df SS MS F Significance F 0.67 0.46 1 3945.34 3945.34 Regression Residual 4 23404.66 5851.16 Total 5 27350.00 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% 2116.41 316.45 Intercept X Variable 1 6.69 0.00 1237.80 2995.03 2995.03 1237.80 -0.17 0.07 0.09 0.82 0.46 -0.17 0.32 0.32Step by Step Solution
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