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An analysis of overhead costs for Bad Co. using regression analysis produced the following output: Constant 150 Std. Err of Y Est 45 R 2
An analysis of overhead costs for Bad Co. using regression analysis produced the following output:
Constant 150
Std. Err of Y Est 45
R20.78
No. Of Observations 60
Degrees of Freedom 57
X1Coefficient (setup hrs) 25
X2Coefficient (# of parts) 100
1. Write the cost function pertaining to this data:_________________________________
2. Construct control limits for the predicted overhead cost, using 1.96 standard deviations, when setup hours is 10 and number of parts is 50:
$ _______________ to $_________________
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