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0 Regression analysis Regression Statistics Multiple R 0.86 R Square 0.75 Adjusted R Square 0.70 Standard Error 171.55 ObservE6-28A (similar to) Question Help Kim Meyer, owner of Tulip Time, operates a local chain of floral shops. Each shop has its o

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Answer #1

From the excel output, intercept coefficient is the fixed cost estimate of regression equation. And X variable coefficient is the estimate of variable cost per unit.

So firm's cost equation is

y = $0.29x + $709.81

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