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Required Information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland
Required Information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton has found the following total cost assoclated with Finance 101 over the last five terms: Professor Morton knows that there are some variable costs, such as amounts pald to graduate assistants, assoclated with the course. He would like to have the varlable and fixed costs separated for planning purposes. 2-a. Using the least-squares regression method, estimate the varlable cost per section and the total fixed cost per term for Finance 2-b. Express these estimates in the form Y=a+bX. Complete this question by entering your answers in the tabs below. Using the least-squares regression method, estimate the variable cost per section and the total fixed cost per term for Finance 101. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Express these estimates in the form Y=a+bX. (Round your intermediate calculations and final answers to the nearest whole dollar amount.)
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