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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 0.9723 R Square 0.9485 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 0.9723 R Square 0.9485 Observations 30 Intercept Production (X) Coefficients 174,537 11.39 Standard Error 61,137 0.9215 T Stat 2.85 12.36 p Value 0.021 @.eee What is Falcon's formula for estimating costs? (Cost equation of Falcon) O Total cost = $11.39 + ($0.9215 Production) O Total cost = $174,537 + ($61,137 Production) O Total cost = $61,137 + ($0.92 x Production) O Total cost = $174,537 + ($11.39 Production)

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