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1. Using the Max-min method, find the values for a and b in the equation: Y = a + BX. Interpret the meaning of a

1. Using the Max-min method, find the values for a and b in the equation: Y = a + BX. Interpret the meaning of a and for each case. a) Max guests (X) 18,000 12,000 labor costs (Y) 25,500 18,000 Min b) revenue (X) operating costs (Y) 20,000 Max 28,000 Min 23,000 17,000

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