Required information [The following information applies to the questions displayed below.] Professor John Morton has just...

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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 University. In reviewing the department's cost records, Professor Morton has found the following total cost associated with Finance 101 over the last five terms: Number of Sections Term Offered Total Cost Fall, last year 4 $ 11,000 Winter, last year 2 $ 6,000 Summer, last year 5 $ 11,500 Fall, this year Winter, this year 3 7 $ 7,500 $ 12,000 Professor Morton knows that there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes. 2-a. Using the least-squares regression method, estimate the variable cost per section and the total fixed cost per term for Finance 101. 2-b. Express these estimates in the form Y=a+bX. Complete this question by entering your answers in the tabs below. Required 2A Required 2B 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.) Fixed cost per term Variable cost per section 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 associated with Finance 101 over the last five terms: Number of Sections Term Offered Total Cost Fall, last year 4 $ 11,000 Winter, last year 2 $ 6,000 Summer, last year 5 $ 11,500 Fall, this year Winter, this year 3 7 $ 7,500 $ 12,000 Professor Morton knows that there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes. 2-a. Using the least-squares regression method, estimate the variable cost per section and the total fixed cost per term for Finance 101. 2-b. Express these estimates in the form Y=a+bX. Complete this question by entering your answers in the tabs below. Required 2A Required 2B 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.) Fixed cost per term Variable cost per section