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1 A manufacturer situated in Washinton, USA manufactures plastic pipes which is used by plumbers in a high-rise apartments to supply tank water to all
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A manufacturer situated in Washinton, USA manufactures plastic pipes which is used by | ||
plumbers in a high-rise apartments to supply tank water to all residential houses. | ||
Number of pipes sold and and its Total cost per month are given below | ||
Month | # of Pipes | Total |
sold | Cost | |
1 | 175 | $ 165,000 |
2 | 250 | $ 200,000 |
3 | 300 | $ 250,000 |
4 | 300 | $ 250,000 |
5 | 350 | $ 265,000 |
6 | 700 | $ 450,000 |
7 | 500 | $ 320,000 |
8 | 570 | $ 350,000 |
9 | 500 | $ 340,000 |
10 | 490 | $ 330,000 |
11 | 230 | $ 150,000 |
12 | 400 | $ 275,000 |
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
Requirements: | ||
(i) Variable cost per Pipe= $ | ||
(ii) Fixed cost per month = $ | ||
(iii) Semi Variable costs per month = $ | ||
(iv) Semi Fixed costs per month = $ | ||
REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD | ||
I ALREADY GOT INCORRECT ANSWERS |
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