Star,Inc.used Excel to run a least-squares regression analysis,which resulted in the following output: What total cost would Star predict for a month in which production is 2,000 units?
A)$23,140
B)$63,446
C)$175,003
D)$198,143

Question

Star,Inc.used Excel to run a least-squares regression analysis,which resulted in the following output:   What total cost would Star predict for a month in which production is 2,000 units?
A)$23,140 
B)$63,446 
C)$175,003 
D)$198,143

Quizplus · Accepted Answer

The information provided is not sufficient to determine the equation of the regression line. Therefore, we cannot determine the total cost for a production of 2,000 units. Without this information, it is impossible to select the correct answer choice.

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