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Sage, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9609 R Square 0.9233 Observations
Sage, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9609 R Square 0.9233 Observations 20 Intercept Production (X) Coefficients 24,646 6.55 Standard Error 7,665 0.5657 T Stat 3.22 11.58 P-Value 0.005 0.000 a. What is Sage's total fixed cost? Total Fixed Costs b. What is Sage's variable cost per unit? (Round your answer to 2 decimal places.) Variable Costs Per Unit c. What total cost would Sage predict for a month in which they sold 11,000 units? (Round your intermediate calculations to 2 decimal places.) Total Costs
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