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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

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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 Coefficients Standard Error T Stat P- Value Intercept 174, 715 61, 315 2. 85 0. 021 Production (X) 11.91 0.9270 12.85 0.000 What is Falcon's formula for estimating costs? (Cost equation of Falcon) Multiple Choice O Total cost = $174,715 + ($11.91 x Production) O Total cost = $61,315 + ($0.93 x Production) O Total cost = $174,715 + ($61,315 x Production) O Total cost = $11.91+ ($0.9270 * Production)Rose Corp. produces three products, and currently has a shortage of machine hours since one of its two machines is down - only 360 hours are available this month. The selling price, costs, labor requirements, and demand of the three products are as follows: Product A Product B Product C Selling price $5.00 $3.00 $5.00 Variable cost per unit $3.50 $2.00 $2.00 Machine hours per unit 0.75 0. 25 Demand 300 400 210 a. In what order should Rose prioritize production of the products? O A, B,C O B,C,A O C,B,A O A,C,B b. How many of each product should be sold while the machine is down to maximize profit? (Round your answer to the nearest whole number.) Number of Products Product A Product B Product C

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