Question: To the nearest dollar, what would be the estimated total costs if 3000 units were produced? A. $23 286 B. $16 146 C. $10 357

 To the nearest dollar, what would be the estimated total costs

To the nearest dollar, what would be the estimated total costs if 3000 units were produced?

A. $23 286

B. $16 146

C. $10 357

D. $33 643

Regression Statistics Multiple R 0.88000000 R Square 0.78219168 Adjusted R Square 0.70958891 Standard Error 1165.19000 Observations 5 df SS MS F Significance F Regression 1 14626984.4 1E+07 10.7736 0.0463451 Residual 3 4073015.604 1E+06 Total 4 18700000 Coefficients Standard Error t Stat P-value Intercept 16146.37 8167.49 1.977 0.14249 X Variable 1 2.380 0.730 3.282 0.04635

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!