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You Run a Regression Analysis and Receive the Following Results

question 46

Multiple Choice

You run a regression analysis and receive the following results:
SUMMARY OUTPUT
 Regression Statistics  Multiple R 0.88000000 R Square 0.78219168 Adjusted R Square 0.70958891 Standard Error 1165.19000 Observations 5dfSSMSF Significance F Regression 114626984.41E+0710.77360.0463451 Residual 34073015.6041E+06 Total 418700000 Coefficients  Standard Error t Stat P-value  Intercept 16146.378167.491.9770.14249 X Variable 1 2.3800.7303.2820.04635\begin{array}{l}\begin{array} { l r } \hline{ \text { Regression Statistics } } \\\hline \text { Multiple R } & 0.88000000 \\\text { R Square } & 0.78219168 \\\text { Adjusted R Square } & 0.70958891 \\\text { Standard Error } & 1165.19000 \\\text { Observations } & 5 \\\hline\end{array}\\\\\begin{array} { l c r c c r } \hline & d f & S S & M S & F & \text { Significance } F \\\hline \text { Regression } & 1 & 14626984.4 & 1 \mathrm { E } + 07 & 10.7736 & 0.0463451 \\\text { Residual } & 3 & 4073015.604 & 1 \mathrm { E } + 06 & & \\\text { Total } & 4 & 18700000 & & & \\\hline\end{array}\\\\\begin{array} { l r r r c } \hline & \text { Coefficients } & \text { Standard Error } & t \text { Stat } & P \text {-value } \\\hline \text { Intercept } & 16146.37 & 8167.49 & 1.977 & 0.14249 \\\text { X Variable 1 } & 2.380 & 0.730 & 3.282 & 0.04635 \\\hline\end{array}\end{array}
-What would be the equation to predict mixed cost behaviour?

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Definitions:

Variable Product Cost

Refers to the costs that vary directly with the level of production output, including costs like raw materials and direct labor.

Contribution Margin

The amount remaining from sales revenue after variable costs have been subtracted, used to cover fixed costs and to generate profit.

Production Capacity

The maximum amount of goods or services that can be produced in a given time period with available resources.

Materials Markup

An amount added to the cost of materials to cover overhead and profit in the pricing of products.

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