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The following is the output of a regression analysis of the cost: Regression Statistics Multiple R 0.96 R Square 0.92 Adjusted R Squart 0.88 Standard
The following is the output of a regression analysis of the cost: Regression Statistics Multiple R 0.96 R Square 0.92 Adjusted R Squart 0.88 Standard Error 1,393.26 Observations Coefficients Standard Error tStat P-value Lower 95% Upper 95%% Lower 95.0%% Upper 95.096 Intercept 15,647.06 2,628.37 5.95 0.03 4, 338.12 26,956.00 4, 338.12 26, 956.00 Units 164.71 33.79 4.87 0.04 19.31 310.10 19.31 310.10The following data will help answer questions 1 to 5: XYZ Co. produces one product. The following data shows the number of units of product made in the last few months of last 1year and the total costs incurred during the month: Month Units Total Costs September: 100 $32,000 October: 50 $25,000 November: 60 $24,000 December: 90 $3 '1 ,000
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