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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 R Square Observations 0.9723 0.9485
Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations 0.9723 0.9485 30 Coefficients Standard Error Intercept Production (X) 174,537 11.39 61,137 T Stat P-Value 2.85 0.021 0.9215 12.36 0.000 What total cost would Star predict for a month in which production is 2,000 units? Multiple Choice $22,314 $62,980 $174,177 $197,317
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