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a . Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume.
a Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume. Do not round
intermediate calculations.
Compute and to decimal Do not round intermediate calculations.
Complete the estimated regression equation to decimal Do not round intermediate calculations.
hat
b What is the variable cost per unit produced to decimal Do not round intermediate calculations.
$
c Compute the coefficient of determination to decimals Do not round intermediate calculations. Note: report between and
What percentage of the variation in total cost can be explained by the production volume to decimal Do not round intermediate calculations.
d The company's production schedule shows units must be produced next month. What is the estimated total cost for this operation to the nearest whole
number Do not round intermediate calculations.
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