Question
An important application of regression in manufacturing is the estimation of cost of production Based on the data below from Ajax Widgets relating cost (Y)
An important application of regression in manufacturing is the estimation of cost of production Based on the data below from Ajax Widgets relating cost (Y) to volume (X), what is the cost of producing 600 widgets?
- None of the answers are correct
- 5826
- 6954
- 6312
- 5206
| Production Volume (units) | Total Cost ($) |
| 400 | 4384 |
| 450 | 4722 |
| 550 | 5233 |
| 600 | 6091 |
| 700 | 6664 |
| 750 | 6734 |
| 425 | 4423 |
| 475 | 4905 |
| 575 | 5746 |
| 625 | 5709 |
| 725 | 7081 |
| 775 | 7094 |
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Paradoxes In Mathematics
Authors: Stanley J Farlow
1st Edition
0486791734, 9780486791739
