Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:

Regression Statistics Multiple R 0.9723

R Square 0.9485

Observations 30

Coefficients Standard Error T Stat P-Value Intercept 174,537

61,137

2.85

0.021

Production (X) 11.39

0.9215

12.36

0.000

What is Star's formula for estimating costs?

Multiple Choice

• Total cost = $174,537 + ($11.39 Production)
• Total cost = $61,137 + ($0.92 Production)
• Total cost = $174,537 + ($61,137 Production)
• Total cost = $11.39 + ($0.9215 Production)