Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Jul 2017 My Price 12.00

Regression Analysis:

Regression Analysis: Calculation of Total Cost

Terrific Taffy is a manufacturer of saltwater taffy. Recently, the owner, Melinda Gross, asked her controller to perform a regression analysis on production costs. Melinda believes that pounds of taffy produced drive all of the company's production costs. The controller generated the following regression output:

  R Square 0.50688  
  Standard Error 1.43764  
Analysis of Variance
  DF   Sum of Squares Mean Square  
Regression 1     418.52992     481.52992      
Residual 197     407.16375     2.06682      
F = 202.49935 Signif.F = 0.0000
Variables in the Equation
Variable Coefficients Standard Error t Stat P-Value
Pounds 7.940     0.055794     14.230     0.0000    
Intercept 205.070     0.261513     20.780     0.4361    

Required:

Calculate an estimated total cost, assuming that Terrific Taffy manufactures 7,500 pounds of taffy. Round to the nearest whole dollar.
$

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Jul 2017 09:07 AM My Price 12.00

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