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The Widget Manufacturing Company wants to analyze the relationship between its production levels and utility costs. The following data was collected over the past six
The Widget Manufacturing Company wants to analyze the relationship between its production levels and utility costs. The following data was collected over the past six months:
- January: 500 units produced, utility cost $2,500
- February: 600 units produced, utility cost $2,800
- March: 700 units produced, utility cost $3,000
- April: 800 units produced, utility cost $3,200
- May: 900 units produced, utility cost $3,500
- June: 1000 units produced, utility cost $3,800
Create a scatterplot of the data and analyze the relationship between production levels and utility costs for the Widget Manufacturing Company.
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