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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

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 per widget?

A.)7.54

B.)8.75

C.)7.38

D.)None of the answers are correct

E.)8.21

Production Volume (units) 400 450 550 600 700 750 425 475 575 625 725 775

Total Cost ($) 4688 4893 5957 6105 7111 7743 4983 5461 6136 6302 7538 7596

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