Question
An important application of regression in manufacturing is the estimation of cost of production.Based on DATA from Ajax Widgets relating cost (y) to volume (x),
An important application of regression in manufacturing is the estimation of cost of production.Based on DATA from Ajax Widgets relating cost (y) to volume (x), what is the cost of producing 600 widgets?
Production Volume (units) 400 450 550 600 700 750 425 475 575 625 725 775
Total Cost ($) 5424 5657 5759 7294 7583 8603 5311 6093 6662 7380 7784 8588
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Introduction to Probability
Authors: Mark Daniel Ward, Ellen Gundlach
1st edition
716771098, 978-1319060893, 1319060897, 978-0716771098
