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7:22 .5G v2.cengagenow.com Method of Least Squares, Goodness of Fit Deepa Dalal opened a free-standing radiology clinic. She had anticipated that the costs for the
7:22 .5G v2.cengagenow.com Method of Least Squares, Goodness of Fit Deepa Dalal opened a free-standing radiology clinic. She had anticipated that the costs for the radiological tests would be primarily fixed, but she found that costs increased with the number of tests performed. Costs for this service over the past nine months are as follows: Month Radiology Tests Total Cost 2,800 $133,500 February 2,600 135,000 March 3,100 175,000 Apri 3,500 170,600 May 3,400 176,900 June 3,700 106,600 July 3,840 174,450 August 4,100 195,550 September 3,450 185,300 Required: 1. Compute the cost formula for radiology services using the method of least squares. If required, round your answers to two decimal places. 30,280 40.30 2. Using the formula computed in Requirement 1, what is the predicted cost of radiology services for October for 3,500 appointments? (Round the answer to the nearest dollar.) $171,330 +
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