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An important application of regression in manufacturing is the estimation of cost of production. Based ondata below from Ajax Widgets relating cost (Y) to volume
An important application of regression in manufacturing is the estimation of cost of production. Based ondata below from Ajax Widgets relating cost (Y) to volume (X), what is the cost of producing 600 widgets
Prod Vol (units) Total Cost ($)
400 3430
450 4080
550 4878
600 4884
700 5913
750 6402
425 4273
475 4362
575 5089
625 5446
725 6017
775 6591
Answers would be
A:5206
B: None are correct
C:5826
D:6312
E:6954
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