When you invest in a diversified portfolio of bonds that are held for a long period of time this is referred to as a(n) interest rate strategy. risk reduction strategy. passive strategy. income strategy.

Required: 1. Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estima cost element to the nearest dollar and the variable cost element to the nearest cent. 2. If the company expects to use 3.500 machine-hours next month, estimate total overhead costs. process is highly automated and management teels that machine-hours are likely the main driver of overnead costs. Data from the most recent year are shown below. Required: 1. Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost element to the nearest cent. Answer is complete but not entirely correct