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Falcon, Inc. used Excel to run a least squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9720 R Square 0.9482

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Falcon, Inc. used Excel to run a least squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9720 R Square 0.9482 Observations 30 Intercept Production (X) Coefficiente Standard Error 174,720 61,320 11.22 0.9227 T stat P-value 2.85 0.021 12.16 0.000 What is Falcon's formula for estimating costs? (Cost equation of Falcon) Multiple Choice Total cost $61,320 + (50.92 Production) Total cost $1122+($0.9227x Production) Total cost $174,720 (51122 Production) Total cost $174,720 (561,320 - Production)

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