Eight quarters of production data from Pear, Inc., a cell phone manufacturing company, are below. Quarter Phones Cost 1 2 3 4 5 6 7 8 2,331 $3,245,874 2,657 $3,474,318 1,987 $2,883,675 2,412 $3,287,621 2,583 $3,354,966 2.497 $2,428,752 2,285 $3,152,347 2,645 $3,271,899 The regression analysis results on these data are displayed below. Standard t P. Lower Error Stat value 95% Coefficients Upper 95% Intercept $1,473,119 $356,978 4.13 0.01 $599,625 $2,346,614 Phones $738 $147 5.03 0.00 $379 $1.097 Regression Statistics Multiple R R-Square Adjusted R Square Standard Error 0.90 0.81 0.78 $87,127 Observations 8 What is the regression equation (total cost equation) for the above information?
Eight quarters of production data from Pear, Inc., a cell phone manufacturing company, are below. Quarter Phones Cost 1 2 3 4 5 6 7 8 2,331 $3,245,874 2,657 $3,474,318 1,987 $2,883,675 2,412 $3,287,621 2,583 $3,354,966 2.497 $2,428,752 2,285 $3,152,347 2,645 $3,271,899 The regression analysis results on these data are displayed below. Standard t P. Lower Error Stat value 95% Coefficients Upper 95% Intercept $1,473,119 $356,978 4.13 0.01 $599,625 $2,346,614 Phones $738 $147 5.03 0.00 $379 $1.097 Regression Statistics Multiple R R-Square Adjusted R Square Standard Error 0.90 0.81 0.78 $87,127 Observations 8 What is the regression equation (total cost equation) for the above information?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Total costs = $738(Phones) + $1,473,119
Total costs = $147(Phones) +$356,978
Total costs = $1,473,119(Phones) + 738
O Total costs = $356,978(Phones) + $147
Transcribed Image Text:Eight quarters of production data from Pear, Inc., a cell phone manufacturing company, are below.
Quarter Phones Cost
1
2
3
4
5
6
7
8
2,331 $3,245,874
2,657 $3,474,318
1,987 $2,883,675
2,412 $3,287,621
2,583 $3,354,966
2,497 $2,428,752
2,285 $3,152,347
2,645 $3,271,899
The regression analysis results on these data are displayed below.
Coefficients
Standard t P- Lower
Error Stat value 95%
Upper 95%
Intercept $1,473,119 $356,978 4.13 0.01 $599,625 $2,346,614
Phones $738
$147 5.03 0.00 $379 $1.097
Regression
Statistics
Multiple R
R-Square
Adjusted R
Square
Standard
Error
Observations 8
What is the regression equation (total cost equation) for the above information?
0.90
0.81
0.78
$87,127
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