cost of $29.50 per frame. Gonzalez anticipates needing 35,000 frames each year for the next few years. Required Requirement 1. (a) What is the average cost of manufacturing a bicycle frame in 2023 ? How does it compare to Ryan's offer? The average cost of g per frame is than Ryan's offer Required a. What is the average cost of manufacturing a bicycle frame in 2023 ? How does it compare to Ryan's offer? b. Can Gonzalez use the answer in requirement 1 a to determine the cost of manufacturing 35,000 bicycle frames? Explain. Gonzalez's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs of the bicycle frame as the dependent

cost of $29.50 per frame. Gonzalez anticipates needing 35,000 frames each year for the next few years. Required Requirement 1. (a) What is the average cost of manufacturing a bicycle frame in 2023? How does it compare to Ryan's offer? ]per frame is than Ryan's offer. Required 1. a. What is the average cost of manufacturing a bicycle frame in 2023 ? How does it compare to Ryan's offer? b. Can Gonzalez use the answer in requirement 1a to determine the cost of manufacturing 35,000 bicycle frames? Explain. 2. Gonzalez's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs of the bicycle frame as the dependent variable and bicycle frames produced as the independent variable: y=$437,000+$16X During the years used to estimate the regression equation, the production of bicycle frames varied from 28,000 to 35,000 . Using this equation, estimate how much it would cost Gonzalez to manufacture 35,000 bicycle frames. How much more or less costly is it to manufacture the frames rather than to acquire them from Ryan? 3. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing bicycle frames