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Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Total Month Produced Cost January 6,750 11,300
Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Total Month Produced Cost January 6,750 11,300 February 5,540 10,200 March 6,250 10,900 April 3,500 7,100 May 8,500 12,100 June 3,950 8,200 July 3,900 8,100 August 4,690 9,350 Suppose that Handy's expects to sell 5,300 hats during the month of September and that each hat sells for $2.75. Handy performed a least-squares regression and obtained the following results: Intercept X Variable 1 Coefficients 4,321.12 8.99 el pieces)
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