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An important application of regression in manufacturing is the estimation of cost of production. Based on DATAfrom Ajax Widgets relating cost (Y) to volume (X),
An important application of regression in manufacturing is the estimation of cost of production. Based on DATAfrom Ajax Widgets relating cost (Y) to volume (X), what is the cost per widget?
a. 7.54
b. 8.75
c. 7.38
d. None of the answers are correct
e. 8.21
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