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

Question 76

Multiple Choice

Management of MRC Enterprises has provided the following output from Excel®:
 SUMMARY OUTPUT  Statistics  Multiple R 0.8939072 R Square 0.7990702 Adjusted R2 0.7458377 Standard Enor 10744.516 Observations 6\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}

 ANOVA dfSSMSF Signpificance F Regression 11836429183642915907450.0162864 Resichual 44617785211544463 Total 52298208\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}

 Coefficients  Sid Enor t Stat  P-value  Lower 95%  Upper 05%  Lower 95%  Upper 95%  Intercept 47757.0534958.301.366110.2436649302.764144816.5849302.144816.5 X Variable 1 6.3641.5957983.988410.016281.934059010.7953521.934010.79535\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..

Correct Answer:

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