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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 0.9777 R Square 0.9539 Observations

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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 0.9777 R Square 0.9539 Observations 30 Intercept Production (X) Coefficients Standard Error T Stat P-value 174,715 61,315 2.85 0.021 11.91 0.9270 12.85 0.000 What is Falcon's formula for estimating costs? (Cost equation of Falcon) Help mat is Falcon's formula for estimating costs? (Cost equation of Falcon) Multiple Choice Total cost = $174,715+ ($61,315 * Production) Total cost = $174,715+ ($11.91 Production) Total cost $11.91 +($0.9270 Production) Total cost $61,315+ ($0.93 Production)

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