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a) Using the Excel output, the partners created the following regression equation: Estimated Accounting fee = 0.94 + 0.08 Tax preparation + 0.05 Managing payroll

a) Using the Excel output, the partners created the following regression equation:

Estimated Accounting fee = 0.94 + 0.08 Tax preparation + 0.05 Managing payroll + 0.09 Auditing

Is this equation correct or wrong? Briefly explain your answer.

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