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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 R Square Observations 0.9682 0.9374
Sage, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations 0.9682 0.9374 30 Intercept Production (X) Coefficients 23,327 5.58 Standard Error 8,273 0.6863 T Stat 2.82 P-Value 0.009 8.13 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 14,000 units? (Round your Intermediate calculations to 2 decimal places.) Total Costs
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