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Method of Least Squares, Goodness of Fit Deepa Dalal opened a free-standing radiology clinic. She had anticipated that the costs for the radiological tests would

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Method of Least Squares, Goodness of Fit Deepa Dalal opened a free-standing radiology clinic. She had anticipated that the costs for the radiological tests would be primarily fixed, but she found that costs increased with the number of tests performed. Costs for this service over the past nine months are as follows: Month Radiology Tests Total Cost January 2,800 $133,500 135,060 February 2,600 March 175,000 3,100 3,500 April 170,600 May 3,400 176,900 June 3,700 186,600 July 3,840 174,450 4,100 August September 195,510 185,300 3,450 Required: 1. Compute the cost formula for radiology services using the method of least squares. If required, round your answers to two decimal places. Y=$ X 2. Using the formula computed in Requirement 1, what is the predicted cost of radiology services for October for 3,500 appointments? (Round the answer to the nearest dollar.)

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