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answer with details plz Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.7235
answer with details plz
Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.7235 R Square 0.8510 Observations 30 Intercept Production (x) Coefficients 34,000 5.89 Standard Error 3,598 0.4644 T Stat 2.85 14.57 P-Value 0.021 0.000 a. What is Newport's total fixed cost? Total Fixed Cost b. What is Newport's variable cost per unit? (Round your intermediate calculations to 2 decimal places.) Variable Cost per unit c. What total cost would Newport predict for a month in which they sold 5,000 units? Total Costs d. What proportion of variation in Newport's cost is explained by variation in production? (Round your inte calculations to 2 decimal places.) Proportion of Variation % Step by Step Solution
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