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The cost data for Evencoat Paint for the year 2019 is as follows: Month Gallons of Paint Produced Equipment Maintenance Expense January 110,000 $70,700 February
- The cost data for Evencoat Paint for the year 2019 is as follows:
Month | Gallons of Paint Produced | Equipment Maintenance Expense |
January | 110,000 | $70,700 |
February | 68,000 | 66,800 |
March | 71,000 | 67,000 |
April | 77,000 | 68,100 |
May | 95,000 | 69,200 |
June | 101,000 | 70,300 |
July | 125,000 | 70,400 |
Auguste | 95,000 | 68,900 |
September | 95,000 | 69,500 |
October | 89,000 | 68,600 |
November | 128,000 | 72,800 |
December | 122,000 | 71,450 |
- Using Excel, create a scatter graph of the cost data and explain the relationship between gallons of paint produced and equipment maintenance expenses.
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