Using the data in Brief Exercise 63, repeat part (2) using least-squares regression (using any spreadsheet software).

Question:

Using the data in Brief Exercise 6–3, repeat part (2) using least-squares regression (using any spreadsheet software). Is units produced a reliable basis for estimating processing costs?

Units Processing Month Produced Cost 1 2,500 $28,000 11,000 52,000 3 15,000 59,000 4 5,500 38,000 5 9,000 47,000 6. 8,500 52,000 7 7,500 44,000 8 7,000 41,000 11,500 52,000 10 6,000 41,000 2.