Question: Roger, Inc. ran a least-squares regression analysis using excel, which resulted in the following output: Regression Statistics Multiple R 0.9740 R Square 0.9487 Observations 20
Roger, Inc. ran a least-squares regression analysis using excel, which resulted in the following output: Regression Statistics Multiple R 0.9740 R Square 0.9487 Observations 20 Intercept Production (X) Coefficients 22, 247 4.43 Standard Error 8,588 0.6611 T Stat 2.59 6.70 P-Value 0.018 0.000 a. What is Roger's total fixed cost? Total Fixed Costs b. What Is Roger's variable cost per unit? (Round your answer to 2 decimal places.) Vanable Costs Per Unit c. What total cost would Roger predict for a month in which they sold 10,000 units? (Round your intermediate calculations to 2 decimal places.) Total Coon
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
