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2 A company hired a group of Software Engineers to some PC applications for the company Following data describes the number of PC applications made
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A company hired a group of Software Engineers to some PC applications for the company | ||
Following data describes the number of PC applications made and its Total costs to the | ||
company is as follows: | ||
Month | # of PC | Total |
applications | Cost | |
Jan | 520 | $ 25,500 |
Feb | 550 | $ 26,500 |
Mar | 560 | $ 27,000 |
Apr | 600 | $ 29,500 |
May | 450 | $ 23,000 |
June | 560 | $ 26,250 |
July | 680 | $ 32,000 |
Aug | 700 | $ 32,500 |
Sep | 560 | $ 26,250 |
Oct | 570 | $ 26,750 |
Nov | 600 | $ 28,000 |
Dec | 450 | $ 22,000 |
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
Requirements: | ||
(i) Variable cost per Application= $ | ||
(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 | ||
Need 100% Correct Answer only |
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