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The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over - the -
The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of overtheroad tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected:The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of overtheroad tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected:
tableAge yearstableMaintenanceCost $Age yearstableYearlyMaintenanceCost $
a Use POM for Windows' least squareslinear regression module to develop a relationship to forecast the yearly maintenance cost based on the age of a tractor. Enter your responses rounded to three decimal places and include a minus sign if necessary.
where Yearly maintenance cost in dollars and Age in years.
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