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Gadell Farms produces venison sausage that is distributed to grocery stores throughout the Southeast. They have collected this shipping cost data: Using the high-low method,
Gadell Farms produces venison sausage that is distributed to grocery stores throughout the Southeast. They have collected this shipping cost data: 
Using the high-low method, estimate the cost formula for Gadell Farms packaging costs. The least-squares regression method was used and the analysis resulted in this cost equation: Y = 1650 + 78.57x. What would you estimate packaging costs to be if Gadell Farms shipped 10 tons in a single month? Use the high/low cost formula and the regression. Comment on why the results are different.
Gadell Farms produces venison sausage that is distributed to grocery stores throughout the Southeast. They have collected this shipping cost data:
Using the high-low method, estimate the cost formula for Gadell Farms packaging costs.
The least-squares regression method was used and the analysis resulted in this cost equation: Y = 1650 + 78.57x.
What would you estimate packaging costs to be if Gadell Farms shipped 10 tons in a single month? Use the high/low cost formula and the regression. Comment on why the results are different.
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Quality Auditing A Tool For Excellence
Authors: David Mills, J. Mills
1st Edition
041245890X, 978-0412458903
