Question
Mason Office Services color copies for various customers.The company has gathered the following data: Month#CopiesCopy Department Costs July17,000$1,445 August21,2501,685 September22,9501,785 October18,7001,530 November20,4001,615 December25,5002,040 (a) In
Mason Office Services color copies for various customers.The company has gathered the following data:
Month#CopiesCopy Department Costs
July17,000$1,445
August21,2501,685
September22,9501,785
October18,7001,530
November20,4001,615
December25,5002,040
(a) In putting this data in excel, and using the High-Low method, what would be the build for the applicable regression equation and how would you solve for:
(i)Solve for "f."
(ii)Solve for "v"
(iii)Estimate Copy Department Costs, assuming the number of copies is 23,000.
(b) Using the same worksheet, using Excel's Least Squares Regression application,
(i)Solve for "f."
(ii)Solve for "v."
(iii)Estimate Copy Department Costs, assuming the number of copies is23,000.
(iv)Based on the r2measure (coefficient of determination), explainwhat it indicates about how accurate (or inaccurate) the
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