Question
In the packaging department of a large aircraft parts distributor, a fairly reliable estimate of packaging and processing costs can be determined by knowing the
In the packaging department of a large aircraft parts distributor, a fairly reliable estimate of packaging and processing costs can be determined by knowing the weight of an order. Thus, the weight is a cost driver that accounts for a sizable fraction of the packaging and processing costs at this company. Data for the past 10 orders are given as follows: Use Excel to develop the function between weights and costs and the value of R2. (Submit your spreadsheet to Kodiak for this problem.) Packaging and Processing Costs ($), y Weight(pounds), x 95 235 110 282 90 211 86 195 124 325 115 309 112 281 103 260 108 269 82 188
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