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South by Southwest Company Used Least Squares Regression Analysis to Obtain

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South by Southwest Company used least squares regression analysis to obtain the following output:
South by Southwest Company used least squares regression analysis to obtain the following output: \begin{array}{ll} X \text { coefficient(s) } & \$ 2.473 \\ \text { Standard error of coefficient(s) } & 0.0966 \end{array} 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.
X coefficient(s) $2.473 Standard error of coefficient(s) 0.0966\begin{array}{ll}X \text { coefficient(s) } & \$ 2.473 \\\text { Standard error of coefficient(s) } & 0.0966\end{array}
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.

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a.The constant or intercept is the total...

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