Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You work for a company that builds environmentally controlled inventory storage facilities for electronic parts. All the facilities you have built in the past are
You work for a company that builds environmentally controlled inventory storage facilities for electronic parts. All the facilities you have built in the past are listed in the table below. Assuming no inflation, write an equation that predicts the total cost of one of your storage facilities. The objective is to produce a reasonable model that fits the existing data with an R^2 > 0.95.
Floors Gross Floor Area Oft Perimeter (ft) Total Cost 600 200 $2,084,440 500 1,703,173.5 103 $3,659,600 1000 800 1435 450 $6,158,784 179 $5,341,878.5 2000 600 98 $1,800,574 780 74 $2,295,105 $6,347,960 1400 500 196 600 $1,800,574 219 3000 $8,248,677 600 $4,032,540 600 4000 $14.638.400 800 $1,666,990 100 600 234 400 S 1,669,782 700 $9,390,006 2540 4 600 500 $4,310,840Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started