Answered: Chips A start-up company has developed…

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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Chips A start-up company has developed an improved
electronic chip for use in laboratory equipment. The
company needs to project the manufacturing cost, so it
develops a spreadsheet model that takes into account the

purchase of production equipment, overhead, raw materi-
als, depreciation, maintenance, and other business costs.

The spreadsheet estimates the cost of producing 10,000
to 200,000 chips per year, as seen in the table. Develop
a regression model to predict Costs based on the Level of
production.

Chips Produced
(1000s)

Cost per
Chip ($)
Chips Produced
(1000s)

Cost per
Chip ($)
10 146.10 90 47.22
20 105.80 100 44.31
30 85.75 120 42.88
40 77.02 140 39.05
50 66.10 160 37.47
60 63.92 180 35.09
70 58.80 200 34.04
80 50.91

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