An important application of regression in manufacturing is the estimation of cost of production. Based onDATAfrom Ajax Widgets relating cost (Y) to volume (X), what is the cost of producing 600 widgets?

Question 27 options:

a) None of the answers are correct.

b) 6954

c) 6312

d) 5826

e) 5206

data set: Production Volume 400, 450, 550, 600, 700, 750, 425, 475; 575, 625, 725, 775 Total Cost $ 3430, 4080, 4878, 4884, 5913, 6402, 4273, 4362, 5089, 5446, 6017, 6591