Refer to exercise 40. Melinda has become more curious about the regression analysis and has asked more
Question:
In exercise,
Required
A. Melinda would like to know whether she is correct in assuming that the amount of chocolate is a significant driver of production costs. What can you tell her?
B. What is the companys costequation?
Transcribed Image Text:
R Square 0.50688 Standard Error 1.43764 Analysis of Variance Sum of Squares 418.52992 407.16375 Mean Square 481.52992 2.06682 DF Regression Residual F 202.49935 197 Signif. F 0.0000 Variables in the Equation Variable Pounds Intercept P.Value 0.0000 0.4361 Coefficients Standard Error 0.055794 0.261513 t Stat 14.230 20.780 7.940 204.070
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