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Truckee Bagel Company used Brool to run a t-tquares regression was on the relationship between production activity and utility costs which resulted in the following

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Truckee Bagel Company used Brool to run a t-tquares regression was on the relationship between production activity and utility costs which resulted in the following output: SUMMARY OUTPUT Regression Statistics Multiple R 0.9755 R Square 0.9517 Adjusted R 0.5549 Square Standard 101.6976 Error Observations 30 P. t Stat value Standard Coefficients Error 175003 61603 2.84 0.02 Intercept Production OXO 11.57 0.9213 12.55 0.001 Based on the regression result what percentage of the utility costs can be explained by the production activity? IV awer in the blank below. Numbers only without the percentas a list you answer is 12.34% enter 12.34)

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