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Question Description: * Question 2 One of Varic Company s products goes through a glazing process. The company has observed glazing costs as follows over
Question Description:Question One of Varic Companys products goes through a glazing process. The company has observed glazing costs as follows over the last six weeks Week Units Total Produced Cost TZS For planning purposes the companys management must know the amount of variable cost per unit and the total fixed cost per week Required Using the leastsquares regression method, estimate the variable and fixed elements of the cost Express the cost data in above in the form of Y a bX If the company processes seven units next week, what would be the expected total cost?
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