Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output...

 

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Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output Regression Statistics Multiple R 0.9718 R Square 0.9480 Observations 30 Coefficients Standard Error T Stat P-Value 174,789 61,389 2.85 0.021 Intercept Production (X) 11.60 0.9263 12.52 0.000 How much of the variation in cost is explained by production? Multiple Choice It is impossible to determine. 92.63% 94.80% 9718% Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output Regression Statistics Multiple R 0.9718 R Square 0.9480 Observations 30 Coefficients Standard Error T Stat P-Value 174,789 61,389 2.85 0.021 Intercept Production (X) 11.60 0.9263 12.52 0.000 How much of the variation in cost is explained by production? Multiple Choice It is impossible to determine. 92.63% 94.80% 9718%

Answer rating: 100% (QA)

The correct option is 9480 ... View the full answer