Management of MRC Enterprises Has Provided the Following Output from Excel^®

question 51

Multiple Choice

Management of MRC Enterprises has provided the following output from Excel^®:
$\begin{array}{lr}\hline\text { SUMMARY OUTPUT }\\\hline\text { Statistics }\\\hline \text { Multiple R } & 0.8939072 \\\text { R Square } & 0.7990702 \\\text { Adjusted R2 } & 0.7458377 \\\text { Standard Enor } & 10744.516 \\\text { Observations } & 6 \\\hline\end{array}$

$\begin{array}{lrrrrr}\hline\text { ANOVA }&df&SS&MS&F&\text { Signpificance }F\\\hline \text { Regression } & 1 & 1836429 & 1836429 & 1590745 & 0.0162864 \\\text { Resichual } & 4 & 46177852 & 11544463 & & \\\text { Total } & 5 & 2298208 & & & \\\hline\end{array}$

$\begin{array}{lrlllllll}\hline \text { Coefficients } & \text { Sid Enor } & t \text { Stat } & \text { P-value } & \text { Lower 95\% } & \text { Upper 05\% } & \text { Lower 95\% }& \text { Upper 95\% } \\\hline \text { Intercept } & 47757.05 & 34958.30 & 1.36611 & 0.24366 & 49302.764 & 144816.58 & 49302 . & 144816.5 \\\text { X Variable 1 } & 6.364 & 1.595798 & 3.98841 & 0.01628 & 1.9340590 & 10.795352 & 1.9340 & 10.79535\\\hline\end{array}$
What is the estimated cost for a production level of 1,200 units?

• A) $1,730
• B) $55,394
• C) $7,636
• D) There is not enough information provided to determine the answer..

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Definitions:

Talcott Parsons

An American sociologist known for his contributions to the field of sociology, including the development of the action theory and the system theory.

Robert K. Merton

An American sociologist known for developing theories such as the self-fulfilling prophecy, strain theory, and the roles of social structure in scientific knowledge.

Systems Theory

An interdisciplinary theory about the nature of complex systems in nature, society, and science, which suggests that entities can be understood as cohesive wholes.

Structural-Functionalism

From a sociological standpoint, this perspective considers society as a sophisticated entity where its elements are interconnected, working collectively to ensure cohesion and balance.