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Newport, Inc., used Excel to run a least squares regression analysis, which resulted in the following output Regression Statistics Multiple R 0.7224 R Square 0.8499

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Newport, Inc., used Excel to run a least squares regression analysis, which resulted in the following output Regression Statistics Multiple R 0.7224 R Square 0.8499 Observations 30 Intercept Production (X) Coefficients 36,000 5.62 Standard Error 3,663 0.4684 T Stat 2.84 14.63 P-value 0.021 0.000 a. What is Newport's total fixed cost? Total Fored Cost b. What is Newport's variable cost per unit? (Round your intermediate calculations to 2 decimal places.) Variable Cost per unit c. What total cost would Newport predict for a month in which they sold 5,000 units? Total Costs d. What proportion of variation in Newport's cost is explained by variation in production? (Round your intermediate calculations to 2 decimal places.) Propition of Vacation %

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