Question
An important application of regression in manufacturing is the estimation of cost of production. Based on the below DATA from Ajax Widgets relating cost(Y) to
An important application of regression in manufacturing is the estimation of cost of production. Based on the below DATA from Ajax Widgets relating cost(Y) to volume (x), what is the cost of producing 600 widgets?
Production volume (units) Total cost($)
400 4688
450 4893
550 5957
600 6105
700 7111
750 7743
425 4983
475 5461
575 6136
625 6302
725 7538
775 7596
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Discrete Mathematics and Its Applications
Authors: Kenneth H. Rosen
7th edition
0073383090, 978-0073383095
