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Required information Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11] George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One
Required information Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11] George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 1 Total Etching Units 13 Cost $ 24 2 11 21 3 16 31 4 15 25 5 18 31 18 32 91 $ 164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 2A-5 Part 1 (Algo) Required: 1. Prepare a scattergraph plot. (Plot etching costs on the vertical axis and units on the horizontal axis.) Instructions: 1. On the graph below, use the point tool (Week 1) to plot units on the horizontal axis and total etching cost on the vertical axis. 2. Repeat the same process for the plotter tools (Week 2 to Week 6). 3. To enter exact coordinates, click on the point and enter the values of x and y. 4. To remove a point from the graph, click on the point and select delete option. Total Etching Cost 54 45 Tools Week 1 Week 2 36 18 9 0 8 12 16 20 Units Week 3 Week 4 Week 5 Week 6
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