Garcia Corporation manufactures a drink bottle, model CL24. During 2017, Garcia produced 250,000 bottles at a total cost of S775,000. Degraff Corporation has offered to supply as many bottles as Garcia wants at a cost of $3.25 per bottle. Garcia anticipates needing 266,000 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 Degraffs offer. Requirement 1b. Can Garcia use the answer in requirement 1a to determine the cost of manufacturing 266,000 drink bottles? Explain, Garcia take the average manufacturing cost in 2017 to determine the total cost of manufacturing 266,000 drink bottles. The reason is that Requirement 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 = $435,000 + $2.00X. During the years used to estimate the regression equation, the production of drink bottles varied from 238,000 to 278.000. Using this equation, estimate how much it would cost Garcia to manufacture 286.000 drink bottles. How much more or less costly is it to manufacture the bottles rather than to acquire them from Degraff? Estimate how much it would cost Garcia to manufacture 266,000 drink bottles, then calculate the cost to purchase the bottles. Estimated cost to make the bottles Cost to purchase the bottles $ $|| It will cost $ L to purchase the bottles rather than manufacture them in-house. Requirement 3. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles? (Select all that apply.) DA. Can Garcia's competitors manufacture drink bottles at a cost less than Garcia? B. How good is the goodness of fit? That is, how well does the estimated line fit the data? C. Does the slope of the regression line indicate that a strong relationship exists between manufacturing costs and the number of drink bottles produced? D. Is the relationship between total manufacturing costs and quantity of drink bottles economically plausible? Choose from any list or enter any number in the input fields and then continue to the next question. Garcia Corporation manufactures a drink bottle, model CL24. During 2017, Garcia produced 250,000 bottles at a total cost of S775,000. Degraff Corporation has offered to supply as many bottles as Garcia wants at a cost of $3.25 per bottle. Garcia anticipates needing 266,000 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 Degraffs offer. Requirement 1b. Can Garcia use the answer in requirement 1a to determine the cost of manufacturing 266,000 drink bottles? Explain, Garcia take the average manufacturing cost in 2017 to determine the total cost of manufacturing 266,000 drink bottles. The reason is that Requirement 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 = $435,000 + $2.00X. During the years used to estimate the regression equation, the production of drink bottles varied from 238,000 to 278.000. Using this equation, estimate how much it would cost Garcia to manufacture 286.000 drink bottles. How much more or less costly is it to manufacture the bottles rather than to acquire them from Degraff? Estimate how much it would cost Garcia to manufacture 266,000 drink bottles, then calculate the cost to purchase the bottles. $ Estimated cost to make the bottles Cost to purchase the bottles It will cost $ to purchase the bottles rather than manufacture them in-house. Requirement 3. What ot t ion would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles? (Select all that apply.) less DA. Can Garcia's con more inufacture drink bottles at a cost less than Garcia? B. How good is the goodness of fit? That is, how well does the estimated line fit the data? C. Does the slope of the regression line indicate that a strong relationship exists between manufacturing costs and the number of drink bottles produced? D. Is the relationship between total manufacturing costs and quantity of drink bottles economically plausible? Choose from any list or enter any number in the input fields and then continue to the next question. Garcia Corporation manufactures a drink bottle, model CL24. During 2017, Garcia produced 250,000 bottles at a total cost of S775,000. Degraff Corporation has offered to supply as many bottles as Garcia wants at a cost of $3.25 per bottle. Garcia anticipates needing 266,000 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 Degraffs offer. Requirement 1b. Can Garcia use the answer in requirement 1a to determine the cost of manufacturing 266,000 drink bottles? Explain, Garcia take the average manufacturing cost in 2017 to determine the total cost of manufacturing 266,000 drink bottles. The reason is that Requirement 2. Garcia's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs variable: y = $435,000 + $2.00X. During the years used to estimate the regression equation, the production of drink bottles varied from 238,000 to 27 drink bottles. How much more or less costly is it to manufacture the bottles rather than to acquire them from Degraff? he independent facture 286.000 all of the total costs are fixed costs all of the total costs are variable costs some of the total costs are fixed costs and some are variable costs Estimate how much it would cost Garcia to manufacture 266,000 drink bottles, then calculate the cost to purchase the bottles. Estimated cost to make the bottles Cost to purchase the bottles $ $ It will cost $ to purchase the bottles rather than manufacture them in-house. Requirement 3. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles? (Select all that apply.) DA. Can Garcia's competitors manufacture drink bottles at a cost less than Garcia? B. How good is the goodness of fit? That is, how well does the estimated line fit the data? C. Does the slope of the regression line indicate that a strong relationship exists between manufacturing costs and the number of drink bottles produced? D. Is the relationship between total manufacturing costs and quantity of drink bottles economically plausible? Choose from any list or enter any number in the input fields and then continue to the next question. 1 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 1a to determine the cost of manufacturing 266,000 drink bottles? Explain. 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 = $435,000 + $2.00X During the years used to estimate the regression equation, the production of drink bottles varied from 238,000 to 276,000. Using this equation, estimate how much it would cost Garcia to manufacture 266,000 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? Print Print Done Done Garcia Corporation manufactures a drink bottle, model CL24. During 2017, Garcia produced 250.000 bottles at a total cost of $775,000. Degraff Corporation has offered to supply as many bottles as Garcia wants at a cost of $3.25 per bottle. Garcia anticipates needing 266,000 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 L p er bottle is than Degraff's offer. Requirement 1b. Can Garcia use the answer in requirement la to determine the cost of manufacturing 266,000 drink bottles? Explain. Garcia take the average manufacturing cost in 2017 to determine the total cost of manufacturing 266,000 drink bottles. The reason is that Requirement 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 = $435,000+ $2.00X. During the years used to estimate the regression equation, the production of drink bottles varied from 238,000 to 276,000. Using this equation, estimate how much it would cost Garcia to manufacture 266,000 drink bottles. How much more or loss costly is it to manufacture the bottles rather than to acquire them from Degraff? Estimate how much it would cost Garcia to manufacture 266,000 drink bottles, then calculate the cost to purchase the bottles. S Estimated cost to make the bottles Cost to purchase the bottles It will cost S N to purchase the bottles rather than manufacture them in-house. Requirement 3. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles? (Select all that apply.) A. Can Garcia's competitors manufacture drink bottles at a cost less than Garcia? B. How good is the goodness of it? That is, how well does the estimated line fit the data? C. Does the slope of the regression line Indicate that a strong relationship exists between manufacturing costs and the number of drink bottles produced? D. Is the relationship between total manufacturing costs and quantity of drink bottles economically plausible? Question Help i Requirements on has offered to supply as many bottles as Garcia wants at a cost of $3.25 per bottle. Garcia Corporation manufactures a drink bottle, model CL24 Garcia anticipates needing 266,000 bottles each year for the Read the requirements. Requirement 1a. What is the average cost of manufacturing 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 1a to determine the cost of manufacturing 266,000 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: The average cost of per bottle is Requirement 1b. Can Garcia use the answer in requiremer Garcia v take the average manufacturing cost in 20 Requirement 2. Garcia's cost analyst uses annual data fror variable: y= $435,000+ $2.00X. During the years used to es drink bottles. How much more or less costly is it to manufac drink bottle as the dependent variable and drink bottles produced as the independent b. Using this equation, estimate how much it would cost Garcia to manufacture 266,000 y = $435,000 + $2.00% During the years used to estimate the regression equation, the production of drink bottles varied from 238,000 to 276,000. Using this equation, estimate how much it would cost Garcia to manufacture 266,000 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? Estimate how much it would cost Garcia to manufacture 260 Estimated cost to make the bottles Cost to purchase the bottles It will cost $ urchase the bottles Print Print Done Done Requirement 3 What other information would you need to be confident that the equation in requiremeni zaccurately predict the cost of manuacturindrink bottles? Select all that annly Requirement 1b. Can Garcia use the answer in requirement 1a to determine the cost of manufacturing 266,000 drink bottles? Explain. Garcia v take the average manufacturing cost in 2017 to determine the total cost of manufacturing 266,000 drink bottles. The reason is that Requirement 2. Garcia's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs variable: y= $435,000+ $2.00X. During the years used to estimate the regression equation, the production of drink bottles varied from 238,000 to 27 drink bottles. How much more or less costly is it to manufacture the bottles rather than to acquire them from Degraff? he independent facture 266,000 all of the total costs are fixed costs all of the total costs are variable costs Estimate how much it would cost Garcia to manufacture 266,000 drink bottles, then calculate the cost to purchase the bottles. some of the total costs are fixed costs and some are variable costs Estimated cost to make the bottles