Star, Incorporated, used Excel to run a least-squares regission analysis, which resulted in the following output: Regression Statistics Multiple R. R Square Observations Intercept Production (X) What is Star's total fixed cost? Multiple Choice O $61,250 $92,490 O$174,650 $235,900 0.9840 0.9602 30 Coefficients 174,650 11.53 Standard Error 61,250 0.9249 T Stat 2.85 12.47 P-Value 0.021 0.000

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Star, Incorporated, used Excel to run a least-squares regission analysis, which resulted in the following output:
Regression Statistics
Multiple R
R Square
Observations
Intercept
Production (X)
What is Star's total fixed cost?
Multiple Choice
O
$61,250
$92,490
$174,650
$235,900
0.9840
0.9602
30
Coefficients
174,650
11.53
Standard Error
61,250
0.9249
T Stat
2.85
12.47
P-Value
0.021
0.000
D
Transcribed Image Text:Star, Incorporated, used Excel to run a least-squares regission analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations Intercept Production (X) What is Star's total fixed cost? Multiple Choice O $61,250 $92,490 $174,650 $235,900 0.9840 0.9602 30 Coefficients 174,650 11.53 Standard Error 61,250 0.9249 T Stat 2.85 12.47 P-Value 0.021 0.000 D
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