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7. Your CEO would like you to estimate the fixed and variable components of a particular cost Actual data for this cost over four recent

7. Your CEO would like you to estimate the fixed and variable components of a particular cost Actual data for this cost over four recent periods appear below. Activity Period 1 Cost 22 235 Period 2 23 243 Period 3 25 255 20 227 Period 4 Using the least-squares regression method, what is the cost formula for this cost?*image text in transcribed

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