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may you please solve this problem without using spreadshee? use the analytical formulas Thank you In the packaging department of a large aircraft parts distributor,
may you please solve this problem without using spreadshee? use the analytical formulas Thank you
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: Packaging and Processing Costs ($), y Weight (Pounds), x 109 88 86 123 230 280 210 190 320 300 280 260 270 190 114 112 102 107 86 NOTE: Use analytical formulas (NO spreadsheet allowed) 1. Estimate the b0 and bl coefficients, and determine the linear regression equation to fit these 123 114 112 102 107 86 320 300 "280 260 270 190 NOTE: Use analytical formulas (NO spreadsheet allowed) 1. Estimate the b0 and bl coefficients, and determine the linear regression equation to fit these data. 2. What is the correlation coefficient (R)? 3. If an order weighs 250 lb, how much should it cost to package and process itStep by Step Solution
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