Andes Company Limited is a tyre manufacturing entity in Tema industrial area. The following table shows the number of units of tyres produced in a year and the total costs incurred. Units produced total cost GH¢ 10 4,000 20 4,500 30 5,000 40 6,500 50 7,000 60 7,500 70 7,800 Using least square regression method: i) Establish the cost equation of the company ii) Estimate the units to be produced to incur cost of GH¢ 7,300

Andes Company Limited is a tyre manufacturing entity in Tema industrial area. The following table shows the number of units of tyres produced in a year and the total costs incurred. Units produced total cost GH¢ 10 4,000 20 4,500 30 5,000 40 6,500 50 7,000 60 7,500 70 7,800 Using least square regression method: i) Establish the cost equation of the company ii) Estimate the units to be produced to incur cost of GH¢ 7,300

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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