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An important application of regression in manufacturing is the estimation of cost of production. Based on the data below from Ajax Widgets relating to cost

An important application of regression in manufacturing is the estimation of cost of production. Based on the data below from Ajax Widgets relating to cost (Y) to volume (X), what is the cost per widget?

Production Volume (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

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