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Estimate the total manufacturing cost for Boeing Company's new aircraft model using regression analysis. Historical data shows a strong correlation between production volume and total

Estimate the total manufacturing cost for Boeing Company's new aircraft model using regression analysis. Historical data shows a strong correlation between production volume and total manufacturing cost. Develop a cost estimation equation: Total Cost = $500,000 + ($50 * Production Volume), and predict the cost for a production volume of 150 units.

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