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Reling Corporation manufactures a drink bottle, model CL24 During 2000, Reling produced 250,000 bottles at a total cost of $900,000 Young Corporation has offered to

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Reling Corporation manufactures a drink bottle, model CL24 During 2000, Reling produced 250,000 bottles at a total cost of $900,000 Young Corporation has offered to supply as many bottles as Reling warts at a cost of $3.50 per borte. Reling anticipates needing 263,000 bottles each year for the next few years Read the gamers The average cost of per bottle than Young's offer Requirement 16. Can Reling use the answer in requirement la to determine the cost of manufacturing 263,000 dink bottes? Explain Rolling take the average manufacturing cost in 2020 to determine the total cost of manufacturing 20.000 drink bottles. The reason is that Requirement 2. Rolling's cost analyst uses annual data from past years to estimate the following regession equation with total manufacturing costs of the drinks bottle as the dependent variable and drink bottles produced as the independent variable y-5438,000 $2.00x. During the years used to estimate the regression equation, the production of die boetes varied from 200,000 to 273.000. Using this equation estimate how much it would cost Reling to manufacture 263.000 drink bottles. How much more or less costly is it to manufacture the bottle her than to acquire them from Young? Estimate how much it would cost Roling to manufacture 263,000 drink boties, the calculate the cost to purchase the bottles 1 Estimated cost to make the bottles Cost to purchase the bottles to purchase the bottles rather the manufacture them in house Requirement. What other information would you need to be confident that the equation in requirement accurately predicts the cost of manufacturing drink bottles Select all that apply) Requirement 3. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles? (Select all that apply.) A. Does the slope of the regression line indicate that a strong relationship exists between manufacturing costs and the number of drink bottles produced? B. Is the relationship between total manufacturing costs and quantity of drink bottles economically plausible? C. How good is the goodness of fit? That is, how well does the estimated line fit the data? D. Can Rolling's competitors manufacture drink bottles at a cost less than Relling

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