XYZ Corporation's accountant, Salima, has suggested the company try regression as a method to estimate the...

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XYZ Corporation's accountant, Salima, has suggested the company try regression as a method to estimate the cost function. She uses the past data to obtain the following output from a simple regression analysis based on units produced: Constant $34500 R-squared 0.727 Standard error of Y estimate 1,074 Degrees of Freedom 4 X Coefficient $6.50/unit Standard error of Coefficient 0.310 What is the estimated cost if the company plans to produce 1000 units: XYZ Corporation's accountant, Salima, has suggested the company try regression as a method to estimate the cost function. She uses the past data to obtain the following output from a simple regression analysis based on units produced: Constant $34500 R-squared 0.727 Standard error of Y estimate 1,074 Degrees of Freedom 4 X Coefficient $6.50/unit Standard error of Coefficient 0.310 What is the estimated cost if the company plans to produce 1000 units:

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