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Assume that Ethan's Golden Brown Pancake Restaurant does a regression analysis on the next year's data using Excel. The output generated by Excel is as
Assume that Ethan's Golden Brown Pancake Restaurant does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows: E: (Click the icon to view the regression analysis.) Requirements 1. What is the fixed cost per month? 2. What is the variable cost per pancake? 3. If Ethan's Golden Brown Pancake Restaurant serves 4,200 pancakes in a month, what would the company's total operating costs be? Requirement 1. What is the fixed cost per month? The fixed cost per month is $ Requirement 2. What is the variable cost per pancake? The variable cost per pancake is $ Requirement 3. If Ethan's Golden Brown Pancake Restaurant serves 4,200 pancakes in a month, what would the company's total operating costs be? (Round your answer to the nearest cent.) If Ethan's Golden Brown Pancake Restaurant serves 4,200 pancakes in a month, the company's total operating costs would be $ Data Table - X Regression Statistics Multiple R 0.50 R Square 0.25 Adjusted R Square 0.41 Standard Error 123.05 Observations 6 Anova df SS MS F Significance F 1 19715.37 19715.37 1.30 0.32 Regression Residual Total 4 60567.96 15141.99 5 80283.33 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% 0.03 213.53 3375.40 1794.47 569.41 Intercept X Variable 1 3.15 1.14 Lower 95.0% Upper 95.0% 213.53 3375.40 -0.26 0.62 0.18 0.16 0.32 -0.26 0.62 Print Done
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