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Title: Degen Company used least squares regression analysis to obtain the following output:Payroll Departme Post by: jerico on Mar 13, 2015 Degen Company used least squares regression analysis to obtain the following output:
Payroll Department Cost Explained by Number of Employees Constant $7,540 Standard error of Y estimate 819 r2 0.8924 Number of observations 20 X coefficient(s) $2.473 Standard error of coefficient(s) 0.0966 Required: a. What is the total fixed cost? b. What is the variable cost per employee? c. Prepare the linear cost function. d. What is the coefficient of determination? Comment on the goodness of fit. Title: Re: Degen Company used least squares regression analysis to obtain the following output:Payroll Depa Post by: cyborg on Mar 19, 2015 Content hidden
Title: Re: Degen Company used least squares regression analysis to obtain the following output:Payroll Departme Post by: jerico on Mar 23, 2015 Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
Title: Re: Degen Company used least squares regression analysis to obtain the following output:Payroll Departme Post by: cyborg on Mar 23, 2015 Sweet, you're welcome.
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