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5.(20 marks) Newton Company used linear regression analysis to obtain the following output: Payroll Department Cost Explained by Number of Employees Constant $5,800 Standard error
5.(20 marks) Newton Company used linear regression analysis to obtain the following output: Payroll Department Cost Explained by Number of Employees Constant $5,800 Standard error of Y estimate 630 r2 0.8924 Number of observations 20 X coefficient $1.902 Standard error of coefficient 0.0966 b. How would set up the regression equation? Show it with analysis
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