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

question 41

Multiple Choice

Management of MRC Enterprises has provided the following output from Excel^®: $\begin{array}{lr}\hline {\text { Statistics }} \\\hline \text { Multiple R } & 0.8939072 \\\text { R Square } & 0.7990702 \\\text { Adjusted R2 } & 0.7488377 \\\text { Standard Error } & 10744.516 \\\text { Observations } & 6 \\\hline\end{array}$

$\begin{array}{lrrrrr}\hline &&&&&\text { Signticance }\\\text { ANOVA }&df&SS&MS&F&F\\\hline \text { Regression } & 1 & 1836429 & 1836429 & 15.90745 & 0.0162864 \\\text { Residual } & 4 & 46177852 & 11544463 & & \\\text { Total } & 5 & 2298208 & & & \\\hline\end{array}$

$\begin{array}{lrrrrrrrr}\hline&&&&&&\text { Upper } & \text { Lower } & \text {upper } \\&\text { Coefficients}&\text { Std Error}&\text { t stat }&\text { P vlalue}&\text { Lower } 95 \%&95 \% & 95 \% & 95 \%\\\hline \text { Intercept } & 47757.05 & 34958.30 & 1.36611 & 0.24366 & -49302.764 & 144816.88 & 49302 . & 144816.8 \\\text { XVariable 1 } & 6.364 & 1.595798 & 3.98841 & 0.01628 & 1.9340590 & 10.795352 & 1.9340 & 10.79535 \\\hline\end{array}$ 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:

Estrogens

A group of steroid hormones that play a major role in the regulation of the female reproductive system and the development of female secondary sex characteristics.

Follicle Stimulating Hormone

A hormone secreted by the anterior pituitary gland that promotes the formation of ova or sperm.

Granulosa Cells

Specialized cells found within the ovary that are involved in the development of the oocyte and the production of estrogen.

Theca Folliculi Cells

Cells surrounding the ovarian follicle that work together with granulosa cells to produce estrogen and other substances necessary for egg development.