Star,Inc.used Excel to run a least-squares regression analysis,which resulted in the following output: What is Star's formula for estimating costs?

A)Total cost = $175,003 + ($11.57 × Production)
B)Total cost = $61,603 + ($0.92 × Production)
C)Total cost = $175,003 + ($61,603 × Production)
D)Total cost = $11.57 + ($0.9213 × Production)

Question

Star,Inc.used Excel to run a least-squares regression analysis,which resulted in the following output: What is Star's formula for estimating costs?

A)Total cost = $175,003 + ($11.57 × Production) 
B)Total cost = $61,603 + ($0.92 × Production) 
C)Total cost = $175,003 + ($61,603 × Production) 
D)Total cost = $11.57 + ($0.9213 × Production)

Quizplus · Accepted Answer

The Answer of Star,Inc.used Excel to run a least-squares regression analysis,which resulted in the following output: What is Star's formula for estimating costs?

A)Total cost = $175,003 + ($11.57 × Production) 
B)Total cost = $61,603 + ($0.92 × Production) 
C)Total cost = $175,003 + ($61,603 × Production) 
D)Total cost = $11.57 + ($0.9213 × Production)

Star,Incused Excel to Run a Least-Squares Regression Analysis,which Resulted in the Following