please need correct and well explained , computated and formulated answer please please no copy paste Star, Incorporated, used Excel to run a least-squares regression analysis, which resulted in the following output:Regression StatisticsMultiple RR SquareObservationsMultiple Choice$62,980InterceptProduction (X)What total cost would Star predict for a month in which production is 2,000 units?$197,317$22,3140.97230.948530$174,177Coefficients174,53711.39Standard Error61,1370.9215T Stat2.8512.36P-Value0.0210.000

The total cost is an important metric used by businesses to determine the profitability of their…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ultiple R Square bservations 0.9723 0.9485 30 Coefficients Standard Error T Stat