Garcia Corporation manufactures a drink bottle, model CL24. During 2017 , Garcia produced 220,000 bottles at a total cost of $781,000. Degraff Corporation has offered to supply as many bottles as Garcia wants at a cost of $3.45 per bottle. Garcia anticipates needing 236,000 bottles each year for the next few years. Read the requirements. Requirement 1a. What is the average cost of manufacturing a drink bottle in 2017? How does it compare to Degraff's offer? The average cost of per bottle is than Degraff's offer. Requirements 1. a. What is the average cost of manufacturing a drink bottle in 2017 ? How does it compare to Degraff's offer? b. Can Garcia use the answer in requirement 1 a to determine the cost of manufacturing 236,000 drink bottles? Explain. 2. Garcia's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs of the drink bottle as the dependent variable and drink bottles produced as the independent variable: y=$432,000+$2.00X During the years used to estimate the regression equation, the production of drink bottles varied from 210,000 to 246,000 . Using this equation, estimate how much it would cost Garcia to manufacture 236,000 drink bottles. How much more or less costly is it to manufacture the bottles rather than to acquire them from Degraff? 3. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles