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E15.19.Stat A Prin Questor 6 Partially correct Mark 10 out of 2.00 P Flag question Edit question Scatter Diagrams and High-Low Cost Estimation Assume the
E15.19.Stat A Prin Questor 6 Partially correct Mark 10 out of 2.00 P Flag question Edit question Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order processing costs, Month Sales Orders Order-Processing Costs 3.000 $ 82,700 1.500 50,375 4,400 120,700 2.800 81,900 2.300 63,775 1.200 43,100 2.000 62,500 Required (a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs. - $ 14,000 + $ 24.25 (6.) Plot the data on a scatter diagram. Using the information from representative high and low volume months, develop a cost estimating equation for monthly production costs. If needed, an Excel worksheet is provided in the following link in order to create the scatter diagram: Scatter_Diagram 21.932 x +$ 14202 x
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