Question
Perform a least-squares regression analysis on Garfields data. Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in
Perform a least-squares regression analysis on Garfields data.
Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallon-size bottles with a spray attachment. The majority of Garfields business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfields operating information for the first six months of the year follows:
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Variable Cost | 9.15 |
Fixed Cost | 1443 |
4. | Perform a least-squares regression analysis on Garfields data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 3 decimal places.)
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6. Using the regression output, create a linear cost equation (y = a + bx) for estimating Garfields operating costs. (Round your answers to 3 decimal places.)
Total Cost | ????? | + | ????? | (Number of Bottles) |
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