Star, Incorporated, used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations Standard Error T Stat 61,315 Intercept Production (X) 0.9270 What total cost would Star predict for a month in which production is 2,000 units? Multiple Choice $198,535 O $175.395 0.9777 0.9539 30 $63,369 Coefficients 174,715 11.91 2.85 12.85 P-Value 0.021 0.000
Star, Incorporated, used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations Standard Error T Stat 61,315 Intercept Production (X) 0.9270 What total cost would Star predict for a month in which production is 2,000 units? Multiple Choice $198,535 O $175.395 0.9777 0.9539 30 $63,369 Coefficients 174,715 11.91 2.85 12.85 P-Value 0.021 0.000
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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
Transcribed Image Text:Star, Incorporated, used Excel to run a least-squares regression analysis, which resulted in the following output:
Regression Statistics
Multiple R
R Square
Observations
Standard Error T Stat
61,315
Intercept
Production (X)
0.9270
What total cost would Star predict for a month in which production is 2,000 units?
Multiple Choice
$198,535
$175,395
8.9777
0.9539
30
$63,169
Coefficients
174,715
11.91
2.85
12.85
P-Value
0.021
0.000
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