Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression StatisticsMultiple R0.9755R Square0.9517Observations30  CoefficientsStandard ErrorT StatP-ValueIntercept175,00361,6032.840.021Production (X)11.570.921312.550.000How much of the variation in cost is explained by production?

A. 97.55%
B. 92.13%
C. 95.17%
D. It is impossible to determine.


Answer: C

Business

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