Question 11 3.5 points Save Answer The method of least squares was used to develop a cost equation Ya+b) to predict the total production cost. Monthly data for the past 12 months were used for the regression analysis. The following computer output was received Intercept $5,000 Slope (1) $ 10 Explained variance 230.400 Unexplained variance 25,000 The Independent variable was "number of units produced Calculate the coefficient of determination ory and predict the production cost range at the 99.5% confidence level is 600 units are to be produced next month: Coefficient of Correlation Production Cost Range 0.902 0.945 OB . OD $ 10,902 to $ 11,098 $ 10,600 to $ 11,400 $ 10,520 to $ 11,480 $ 10,500 to $ 11,874 0.945 0.902 OE. None of the above is correct. Question 11 3.5 points Save Answer The method of least squares was used to develop a cost equation Ya+b) to predict the total production cost. Monthly data for the past 12 months were used for the regression analysis. The following computer output was received Intercept $5,000 Slope (1) $ 10 Explained variance 230.400 Unexplained variance 25,000 The Independent variable was "number of units produced Calculate the coefficient of determination ory and predict the production cost range at the 99.5% confidence level is 600 units are to be produced next month: Coefficient of Correlation Production Cost Range 0.902 0.945 OB . OD $ 10,902 to $ 11,098 $ 10,600 to $ 11,400 $ 10,520 to $ 11,480 $ 10,500 to $ 11,874 0.945 0.902 OE. None of the above is correct