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Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9814 R Square 0.9576 Observations
Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9814 R Square 0.9576 Observations 30 Coefficients Standard Error T Stat P-Value Intercept 174,182 60,782 2.87 0.020 Production (X) 11.93 0.9256 12.89 0.000 What total cost would Star predict for a month in which production is 2,000 units?
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