Question: A study was conducted to investigate the relationship between the cost, y (in tens of thousands of dollars), per unit of equipment manufactured and the

A study was conducted to investigate the relationship between the cost, y (in tens of thousands of dollars), per unit of equipment manufactured and the number of units produced per run, x. The resulting equation for the line of best fit was

ˆ y 7.31 0.01x, with x being observed for values between 10 and 200. If a production run was scheduled to produce 50 units, what would you predict the cost per unit to be?

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