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Walt's Marina generated the following regression based on the number and cost of daily rentals of its boat slips to boat owners each month. SUMMARY
Walt's Marina generated the following regression based on the number and cost of daily rentals of its boat slips to boat owners each month. SUMMARY OUTPUT Regression Statistics Multiple R 0.425358 R Square 0.481216 Adj RSquare 0.456695 39.35892 Stand. Error Observations ANOVA Sig F Regression Residual Total SS 43,034.7 20,138.6 63,173.3 MS Full 43,034.71 27.780017 | 0.000151 1,549.12 14 Intercept X Variable 1 Coefficients Std Errort Stat 2621.21 101.8073 2.626725 35.586 .10235.270675 P-value 0.020917 | 0.000151 Lower 95% 47.478460 18.980154 Upper 95% 487.3612 45.3467 Lower 95% 47.478460 18.980154 Upper 95% 487.3612 45.3467 I Walt's Marina rents 45 boat slips each month (within relevant range), how much is its total cost for boat slip rentals? A $4,222 8. $8,722 6. $4,581 Not available based on the information Which one of the following is a purely fixed cost? 2000 units Per Unit 1000 units Total Per Uniti 500 2000 750 100 0.2 Cost A Cost B Cost C Cost D Total 1000 2000 1000 250 2.5 O A. Cost A B. Cost B C. Cost C D. Cost D
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