The results of a least squares regression to separate the monthly utilities cost into its fixed and variable components were as follows: Y = 5,472 + .036 X X = the number of units produced R2 = .735 Which of the following statements is not true of the cost model?
a. Y represents the total semi-variable cost.
b. The total monthly fixed utilities costs are $5,472.
c. Y is referred to as the independent variable.
d. The equation would be represented as a straight line on a graph.
c
Business
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