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Assume that the management of Dairy Dell wants to expand operations. To help evaluate the risks involved in opening an additional store, the company president

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Assume that the management of Dairy Dell wants to expand operations. To help evaluate the risks involved in opening an additional store, the company president wants to know the amount of fixed cost a new store will likely incut Management uses the regression method to analyze the company's mixed costs. In terms of interpreting the results: Multiple Choice oo a low R2 statistic suggests that the independent value (units sold) more strongly influences the dependent variable total cost) the R statistic represents the percentage of change in the independent variable units sold that is explained by a change in the Independent variable total cost) o ther statistic represents the percentage of change in the dependent variable (total cost that is explained by a change in the independent variable units old)

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