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How much of the variation in cost is not explained by production?

How much of the variation in cost is not explained by production?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations Intercept Production (X) Multiple Choice How much of the variation in cost is not explained by production? 4.87% 0.9751 0.9513 30 It is impossible to determine. 7.78% Coefficients Standard Error 174,448 11.02 61,048 0.9222 2.49% T Stat 2.86 11.95 P-Value 0.021 0.000
Transcribed Image Text:Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations Intercept Production (X) Multiple Choice How much of the variation in cost is not explained by production? 4.87% 0.9751 0.9513 30 It is impossible to determine. 7.78% Coefficients Standard Error 174,448 11.02 61,048 0.9222 2.49% T Stat 2.86 11.95 P-Value 0.021 0.000
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