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You are given the following information concerning the training running hours and their respective maintenance cost for the first 4 months in 2023. Month Training
You are given the following information concerning the training running hours and their respective maintenance cost for the first 4 months in 2023.
Month | Training cost | Train running hours |
---|---|---|
January | $13,600 | 2,100 |
February | $15,800 | 2,800 |
March | $14,500 | 2,200 |
April | $16,200 | 3,000 |
Using regression analysis what is the cost function from the data above ( show all the necessary workings) 20 marks
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