A small company has developed an improved process for making solar panels. The company needs to set

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A small company has developed an improved process for making solar panels. The company needs to set its prices and wants those prices to reflect the efficiencies of producing larger batches. The data show the following:

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What should be done to make the relationship more nearly linear?

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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Question Posted: Sep 19, 2024 02:28 PM

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A small company has developed an improved process for making solar panels. The company needs to set

Question:

#Units Cost per Unit 10 7.389 20 6.049 30 4.953 40 4.055 50 3.320 60 2.718 70 2.459 80 2.225 90 2.013 100 1.822 120 1.648 140 1.491 160 1.349 180 1.221 200 1.105 A scatterplot of Cost per Unit vs. #Units looks like this: Cost per Unit 6.0 4.5 3.0 1.5 40 -8 80 120 Units 180 160 200

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Business Statistics

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