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Question 1 of 7 0.5/1 E Maria was attempting to estimate a model for her small business's overhead costs. She is 99.9% sure that
Question 1 of 7 0.5/1 E Maria was attempting to estimate a model for her small business's overhead costs. She is 99.9% sure that overhead costs are driven primarily by production, but she also knows that this cost isn't entirely variable. So she grabbed the last 8 months of production and overhead cost data, listed it out, and plotted it as follows. Month # of Units Produced Overhead Cost 1 260 $2,780 2 2201 2,020 3 290 2,460 4 350 3,100 5 370 2,770 6 330 3,020 7 280 2,500 300 3,290
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