Question: On Monday, your business produced 7 items which cost you $18. On Tuesday, you produced 8 costing $17. On Wednesday, you produced 18 costing $32.

On Monday, your business produced 7 items which cost you $18. On Tuesday, you produced 8 costing $17. On Wednesday, you produced 18 costing $32. On Thursday, you produced 3 items costing $16. Using a linear regression model accounting for fixed and variable costs, give your estimate of Friday’s costs for producing 10 items.

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