Operation mangement Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Do not provide Excel Screet shot rather use tool tableAnswer completely. An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the costassociated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation.Production Volume Total Cost(units)($)4,000400450550600%7007505,0005.4006,0006,4006,900(a) Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume. (Round your numerical values to two decimal places.)9 =(b) What is the variable cost (in dollars) per unit produced?S(c) Compute the coefficient of determination. (Round your answer to three decimal places.)What percentage of the variation in total cost can be explained by production volume? (Round your answer to one decimal place.)(d) The company's production schedule shows 500 units must be produced next month. Predict the total cost (in dollars) for this operation. (Round your answer to the nearest cent.)S

Production Volume Total Cost 400 4000 450 5000 550 5400 600 6000 700 6400 750 6900

associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation. Production Volume Total Cost (units) 400 450 550 600 700 750 4,000 5,000 5,400 6,000 6,400 6,900 (a) Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume. (Round your numerical values to two decimal places.) 9= (b) What is the variable cost (in dollars) per unit produced? (c) Compute the coefficient of determination. (Round your answer to three decimal places.) What percentage of the variation in total cost can be explained by production volume? (Round your answer to one decimal place.) % (d) The company's production schedule shows 500 units must be produced next month. Predict the total cost (in dollars) for this operation. (Round your answer to the nearest cont.)

associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation. Production Volume Total Cost (units) 400 450 550 600 700 750 4,000 5,000 5,400 6,000 6,400 6,900 (a) Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume. (Round your numerical values to two decimal places.) 9= (b) What is the variable cost (in dollars) per unit produced? (c) Compute the coefficient of determination. (Round your answer to three decimal places.) What percentage of the variation in total cost can be explained by production volume? (Round your answer to one decimal place.) % (d) The company's production schedule shows 500 units must be produced next month. Predict the total cost (in dollars) for this operation. (Round your answer to the nearest cont.)

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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