Use the information in the Excel printout to answer the following questions: a. What is the...

  

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Use the information in the Excel printout to answer the following questions: a. What is the variable cost/unit (slope)? b. What is the fixed costs? c. Using the Excel output information, create the cost equation. d. Is this a reliable cost equation (good-fit)? Which variable brings you to this conclusion? Multiple R R Square Adjusted R Square Standard Error Observations ANOVA df Regression Residual Total 0.750775 0.563662 0.454578 45,438.70968 6 SS 1 10,668,627,982 10,668,627,982 4 8,258,705,351 5 18,927 333,333 52.83 Standard Error 97,762.101 MS F 5.167216 2,064,676,338 t Stat P-value 23.241 2.176 2.273 0.053 0.085 Intercept X Variable 1 Coefficients 265,475.95 Use the information in the Excel printout to answer the following questions: a. What is the variable cost/unit (slope)? b. What is the fixed costs? c. Using the Excel output information, create the cost equation. d. Is this a reliable cost equation (good-fit)? Which variable brings you to this conclusion? Multiple R R Square Adjusted R Square Standard Error Observations ANOVA df Regression Residual Total 0.750775 0.563662 0.454578 45,438.70968 6 SS 1 10,668,627,982 10,668,627,982 4 8,258,705,351 5 18,927 333,333 52.83 Standard Error 97,762.101 MS F 5.167216 2,064,676,338 t Stat P-value 23.241 2.176 2.273 0.053 0.085 Intercept X Variable 1 Coefficients 265,475.95