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. A small computer chip manufacturer wants to forecast monthly operating costs as a function of the number of units produced during a month. The
A small computer chip manufacturer wants to forecast
monthly operating costs as a function of the number of
units produced during a month. The company has collected several months of data in the file Pxlsx
a Determine an equation that can be used to predict
monthly production costs from units produced. Are
there any outliers?
bHow could the regression line obtained in part a be
used to determine whether the company was efficient
or inefficient during any particular month?
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