1. Given the following Excel output:

SUMMARY OUTPUT
Regression Statistics
Multiple R	0.989636184
R Square	0.979379777
Adjusted R Square	0.97680225
Standard Error	0.026005069
Observations	10
ANOVA
	df	SS
Regression	1	0.256958976
Residual	8	0.005410109
Total	9	0.262369085
	Coefficients	Standard Error
Intercept	4.634586597	0.019663831
X Variable 1	-0.23051146	0.011825476

Which of the following equations represents the best estimate of the learning process based on the regression output?

a. Yx = 4.63x ^-.2305

b. Yx = 100x ^-.2305

c. Yx = 102.98x ^-.2305

d. Yx = 102.98x^.979

e. none of the above

2. Which of the following statements is true with regard to best operating level?

a. In underutilization, average unit cost of output increases

b. In overutilization, average unit cost of output increases

c. Best operating level is the minimum average unit cost of output

d. Best operating level is the denominator of capacity utilization calculations

e. All of the above statements are true