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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 0.9780 R Square 0.9542 Observations
Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.9780 R Square 0.9542 Observations 30 Intercept Production (X) Coefficients 174,805 11.88 Standard Error 61,405 0.9213 T Stat 2.85 12.89 P-Value 0.021 0.000 What is Star's formula for estimating costs? Multiple Choice Total cost = $174,805 + ($61,405 x Production) Total cost = $11.88 + ($0.9213 x Production) Multiple Choice Total cost = $174,805 + ($61,405 x Production) Total cost = $11.88 + ($0.9213 Production) Total cost = $174,805 + ($11.88 Production) Total cost = $61,405 + ($0.92 x Production)
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