Star,Incused Excel to Run a Least-Squares Regression Analysis,which Resulted in the Following

question 6

Multiple Choice

Star,Inc.used Excel to run a least-squares regression analysis,which resulted in the following output: What is Star's formula for estimating costs?

• A)Total cost = $175,003 + ($11.57 × Production)
• B)Total cost = $61,603 + ($0.92 × Production)
• C)Total cost = $175,003 + ($61,603 × Production)
• D)Total cost = $11.57 + ($0.9213 × Production)

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Definitions:

Earned

A term referring to revenues or incomes that have been generated from business activities or services provided.

Bank Charges

Fees assessed by a bank for its services or as penalties for not meeting specific account requirements.

Bank Statement Adjustment

Bank Statement Adjustment involves correcting discrepancies between a company’s accounting records and its bank account statement, to reflect the accurate amount of cash available.

Company Books Adjustment

Modifications or corrections made to the accounting records of a company to ensure their accuracy and completeness.