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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 0.9814 R Square 0.9576 Observations
Falcon, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9814 R Square 0.9576 Observations 30 Intercept Production (X) Coefficients 174,524 11.90 Standard Error 61,124 0.9212 T Stat 2.86 12.92 P-Value 0.021 0.000 What is Falcon's formula for estimating costs? (Cost equation of Falcon) Multiple Choice Total cost = $174,524 + ($11.90
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