Question: Using Multiple Regression Results to Construct and Apply a Cost Formula Multiple regression was run on the above data; the coefficients shown by the regression

Using Multiple Regression Results to Construct and Apply a Cost Formula

Using Multiple Regression Results to Construct and Apply a Cost Formula Multiple regression was run on the above data; the coefficients shown by the regression program are: Intercept 14,500 (rounded to the nearest dollar) variable 1 6.30 (rounded to the nearest cent) X variable 2 16.8 (rounded to the nearest cent)

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