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Question 4 Not yet answered Marked out of 12.00 P Flag question Jorgensen Company used least squares regression analysis to obtain the following output: Maintenance
Question 4 Not yet answered Marked out of 12.00 P Flag question Jorgensen Company used least squares regression analysis to obtain the following output: Maintenance Department Cost Explained by Number of Labor Hours Constant Standard error of Y estimate R No. of observations Degrees of freedom X coefficient Standard error of coefficient 8,200 630 0.94 20 18 2.21 0.0966 Required: (Round your answers to the second decimal place and DO NOT use dollar signs "$" or commas "," in your answers) A) What is the total fixed cost of the maintenance department? $. B) What is the variable cost per labor hour for the maintenance department? $ C) What is the linear cost function? "spaces" when writing the equation: eg. y=1000+46.89x) D) What is the coefficient of determination? (Omit "$" signs and DO NOT use The goodness of fit is Jorgensen Company used least squares regression analysis to obtain the following output: Required: (Round your answers to the second decimal place and DO NOT use dollar signs "\$" or commas "," in your answers) A) What is the total fixed cost of the maintenance department? $ B) What is the variable cost per labor hour for the maintenance department? \$ C) What is the linear cost function? (Omit " $ " signs and DO NOT use "spaces" when writing the equation: eg. y=1000+46.89x ) D) What is the coefficient of determination? The goodness of fit is
Question 4 Not yet answered Marked out of 12.00 P Flag question Jorgensen Company used least squares regression analysis to obtain the following output: Maintenance Department Cost Explained by Number of Labor Hours Constant Standard error of Y estimate R No. of observations Degrees of freedom X coefficient Standard error of coefficient 8,200 630 0.94 20 18 2.21 0.0966 Required: (Round your answers to the second decimal place and DO NOT use dollar signs "$" or commas "," in your answers) A) What is the total fixed cost of the maintenance department? $. B) What is the variable cost per labor hour for the maintenance department? $ C) What is the linear cost function? "spaces" when writing the equation: eg. y=1000+46.89x) D) What is the coefficient of determination? (Omit "$" signs and DO NOT use The goodness of fit is
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