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Catman Corp. used simple regression to understand how the number of customer accounts relates to their total costs. The simple regression output from Excel
Catman Corp. used simple regression to understand how the number of customer accounts relates to their total costs. The simple regression output from Excel is shown below: SUMMARY OUTPUT Regression Statistics Multiple 086 Square 0.73 Adjusted Square 071 Standard Error Observations 3447.33 16 Intercept Customer Accounts Pvoke Lower 95% Upper 95% Coefficients Standard Emor Stat 4301663 7443 2874.47 12.02 1497 5258-10 619 235-05 36851.51 48 65 49181.76 10022 What is the total cost formula that we can create from this simple regression output? Q-Number of customer accounts Oy-344733 74.43(Q) Oy-3447.33-12.02(Q) Oy-43016.63 74.43(Q) Oy-4301663-12.02(Q)
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