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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 0.7232 R Square 0.8507 Observations

Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:

Regression Statistics
Multiple R

0.7232

R Square

0.8507

Observations

30

Coefficients Standard Error T Stat P-Value
Intercept

45,000

3,624

2.86

0.021

Production (X)

5.78

0.4641

14.59

0.000

a. What is Newports total fixed cost?

Total fixed cost

b. What is Newports variable cost per unit? (Round your intermediate calculations to 2 decimal places.)

variable cost

c. What total cost would Newport predict for a month in which they sold 5,000 units?

total cost

d. What proportion of variation in Newports cost is explained by variation in production? (Round your intermediate calculations to 2 decimal places.)

proportion of variation

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