You Run a Regression Analysis and Receive the Following Results

question 40

Essay

You run a regression analysis and receive the following results:
$\begin{array}{ll}\hline\text { Multiple R } & .39429 \\\text { R Square } & .15547 \\\text { Adjusted R Square } & .14964 \\\text { Standard Error } & .44416\\\hline\end{array}$

$\text { Analysis of Variance }$
$\begin{array}{lccc}\hline& D F & \text { Sum of Squares } & \text { Mean Square } \\\hline \text { Regression } & 1 & 5.26588 & 5.26588 \\\text { Residual } & 145 & 28.60536 & .19728 \\\hline\end{array}$

$F=26.69262 \quad \text { Signif } F=.0000$

$\begin{array}{lcccc}\hline\text { Variable } & \text { Coefficients } & \text { Standarderror } & t \text { Stat } & P \text {-value } \\\hline \mathrm{X} \text { Variable } 1 & 11.0300 & .021000 & 5.166 & .0000 \\\text { Intercept } & 8833.0700 & .090000 & 9.751 & .0000\end{array}$

Required:
A. What is the fixed cost in this regression analysis?
B. What is the variable cost per unit?
C. Prepare the cost equation based upon these results.
D. Does this regression equation 'fit' the data well? What information did you examine to answer this question?

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Definitions:

Collegial Peers

Individuals within the same organization or professional field who are considered equals in status and collaborate or interact on a professional level.

Informational Peers

Individuals or group members who provide data or knowledge to one another without a hierarchical relationship.

Formal Peers

Colleagues or associates within an organization who are officially recognized as being at the same level or status.

Networking Meeting

A gathering aimed at establishing and cultivating relationships with others in one's profession or industry.