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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 0.9840 R Square 8.9682 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 0.9840 R Square 8.9682 Observations 30 Intercept Production (x) Coefficients 174,650 11.53 Standard Error 61,250 0.9249 T Stat 2.85 12.47 P-value 0.021 0.000 What Is Falcon's formula for estimating costs? (Cost equation of Falcon) Multiple Choice Tel.nr . Multiple Choice O Total cost = $11.53+ ($0.9249 x Production) Total cost = $174,650 + ($61,250 * Production) Total cost = $174,650 + ($11.53 * Production) Total cost = $61,250 +($0.92* Production) 5 Nou

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