Question
Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9839 R Square 0.9601 Observations
Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:
Regression Statistics
Multiple R 0.9839
R Square 0.9601
Observations 30
Coefficients Standard Error T Stat P-Value
Intercept 174,614 61,214 2.85 0.021
Production (X) 11.22 0.9232 12.15 0.000
0.9232
What is Star's total fixed cost?
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Financial Accounting
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
16th Edition
1337913103, 9781337913102
