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Using the least squared regression, estimate the fixed cost and variable cost elements of monthly car wash costs. The fixed cost element should be estimated
Using the least squared regression, estimate the fixed cost and variable cost elements of monthly car wash costs. The fixed cost element should be estimated to the nearest dollar and the variable cost element to the nearest cent. Use excel to put it into a table. All equations should be included and all graphs should be included. Give a brief explanation of the method used here. The question and data are available on the uploaded picture. Thank you. Do not use my name.
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