Question: Refer to E3.13. These data were entered into a regression program, resulting in the following output. Determine the cost equation and evaluate its strength. Intercept

Refer to E3.13. These data were entered into a regression program, resulting in the following output. Determine the cost equation and evaluate its strength.
Intercept ........................................................ 235.7143
X coefficient ................................................. 413.5714
Standard error ............................................... 59.0356
R square ........................................................ 0.9246
T statistic ....................................................... 7.0055

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