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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 0.9566 R Square 0.9151 Observations
Sage, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:
Regression Statistics | |
Multiple R | 0.9566 |
R Square | 0.9151 |
Observations | 24 |
Coefficients | Standard Error | T Stat | P-Value | |
Intercept | 21,251 | 8,410 | 2.53 | 0.019 |
Production (X) | 5.12 | 0.6288 | 8.14 | 0.000 |
a. What is Sages total fixed cost? b. What is Sages variable cost per unit? (Round your answer to 2 decimal places.) c. What total cost would Sage predict for a month in which they sold 14,000 units? (Round your intermediate calculations to 2 decimal places.)
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