An accountant for a small manufacturing plant collected the following random sample to study the relationship between

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An accountant for a small manufacturing plant collected the following random sample to study the relationship between x = the cost to make a particular item and y = the selling price.

x ($) 52 47 26 50 23 71 152 78 y ($) 132 128 70 198

Suppose the cost to make a particular item is $35. What does the least-square line predict as the selling price?

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ISBN: 978-0538470841

4th edition

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

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Question Posted: Dec 27, 2017 02:16 AM

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An accountant for a small manufacturing plant collected the following random sample to study the relationship between

Question:

x ($) 52 47 26 50 23 71 152 78 y ($) 132 128 70 198

Step by Step Answer:

Scatter Diagram There is positive relationship between the variables x and y As one variable increas...View the full answer

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