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The new cost analyst in your accounting department just received a computer-generated report that contains the results of a simple regression analysis. He was estimating
The new cost analyst in your accounting department just received a computer-generated report that contains the results of a simple regression analysis. He was estimating the costs of the marketing department, using units sold as the cost driver. The summary results of the report are as follows: REQUIRED Write an equation for the cost function based on the regression analysis. What does the adjusted R-square tell you? What other cost drivers could potentially explain marketing costs? Explain
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