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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 0.9810 R Square 0.9572 Observations

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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 0.9810 R Square 0.9572 Observations 30 Intercept Production (x) Coefficients Standard Error 174,947 61,547 11.01 0.9231 T Stat 2.84 11.93 P-Value 0.021 0.000 What is Star's formula for estimating costs? Multiple Choice Total cost = $174,947 + ($11.01 * Production Total cost = $61,547 + ($0.92* Production) Total cost - $174.947 +($61,547 Production) Total cost = $11.01 + ($0.9231 * Production)

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