What is the variable cost per employee 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. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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