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Regression Analysis. Regression analysis was run for Quality Tools Incorporated resulting in the following output (this is based on the same data as the previous
Regression Analysis. Regression analysis was run for Quality Tools Incorporated resulting in the following output (this is based on the same data as the previous two exercises):
Coefficients | |
y-intercept | 129,188 |
x variable | 0.04 |
Required:
- Use the regression output given to develop the cost equation Y = f + vX by filling in the dollar amounts for f and v.
- What would Quality Tools estimated costs be if it had sales of $12,500,000 next month?
- What would Quality Tools estimated costs be if it had sales of $20,000,000 next month?
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