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odessa Inc manufactures one model of computer desk. the following data are available regarding units shipped amd total shipping cost. month #of units shipped total
odessa Inc manufactures one model of computer desk. the following data are available regarding units shipped amd total shipping cost.
month #of units shipped total ship cost
jan. 60 $ 3,750
feb. 25 2,350
march. 35 2,150
april. 40. 2,400
may. 75 3,700
june. 80 4,000
july. 55 3,000
________
1- using the high low method, calculte oddessas total fixed ship cost and variable ship cost per unit.
2- perform at least-sq regression analysis on odessas data
3- using the regression output create a linear equation. (y= a+bx) for estimating odessas shipping costs.
round calculations to 2 decimal places and nearest dollar.
please add how you came up with the answers for part 2 and 3 (and/or the formula)
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