Regression analysis was run for Quality Tools Incorporated, resulting in the following output (this is based on the data used in the previous exercise).

Required

a. Use the regression output above to develop the cost equation Y = f+ vX.

b. What would Quality Tools’ estimated costs be if it had sales of $12,500,000 next month?

c. What would Quality Tools’ estimated costs be if it had sales of $20,000,000 next month?

Transcribed Image Text:

y-intercept x variable Coefficients 129,188 0.04