Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: 
a. What is Newport's total fixed cost?
b. What is Newport's variable cost per unit?
c. What total cost would Newport predict for a month in which they sold 5,000 units?
d. What proportion of variation in Newport's cost is explained by variation in production?
Definitions:
New Products
Items or services introduced into the market that offer novel features or benefits, distinct from existing offerings.
Reverse Engineering
The process of dismantling and examining a competitor’s product to understand its design, components, and functionality.
Creative Destruction
An economic theory by Joseph Schumpeter that describes the process through which new innovations replace outdated technologies, leading to industrial mutation.
Improved Product
Refers to a version of a product that has been updated or enhanced to add value or to better meet the needs of consumers.
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