You Run a Regression Analysis and Receive the Following Results

question 78

Multiple Choice

You run a regression analysis and receive the following results:
SUMMARY OUTPUT
$\begin{array}{l}\begin{array} { l r } \hline{ \text { Regression Statistics } } \\\hline \text { Multiple R } & 0.88000000 \\\text { R Square } & 0.78219168 \\\text { Adjusted R Square } & 0.70958891 \\\text { Standard Error } & 1165.19000 \\\text { Observations } & 5 \\\hline\end{array}\\\\\begin{array} { l c r c c r } \hline & d f & S S & M S & F & \text { Significance } F \\\hline \text { Regression } & 1 & 14626984.4 & 1 \mathrm { E } + 07 & 10.7736 & 0.0463451 \\\text { Residual } & 3 & 4073015.604 & 1 \mathrm { E } + 06 & & \\\text { Total } & 4 & 18700000 & & & \\\hline\end{array}\\\\\begin{array} { l r r r c } \hline & \text { Coefficients } & \text { Standard Error } & t \text { Stat } & P \text {-value } \\\hline \text { Intercept } & 16146.37 & 8167.49 & 1.977 & 0.14249 \\\text { X Variable 1 } & 2.380 & 0.730 & 3.282 & 0.04635 \\\hline\end{array}\end{array}$
-To the nearest dollar,what would be the estimated total costs if 500 units were produced?

• A) $ 544
• B) $4236
• C) $3692
• D) $3147

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Definitions:

Freewheeling

Engaging in an activity without restrictions or a fixed plan, allowing for creativity and spontaneity.

Restricted Communication

Limitations placed on the exchange of information, often to preserve confidentiality or for the purpose of control within organizations.

Maintenance Activity

Maintenance Activity involves tasks and operations carried out to keep machinery, equipment, or systems operating efficiently and preventing breakdowns or failures.

Centralized Communication

A communication structure where all decisions and messages are passed through a central point or person within an organization.