Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text:6-2
(Appendix 6A) Data on a week's activity in the shipping department of Osan, Inc. are given below.
Units
Shipped
n=
Monday
Tuesday
Wednesday.
ΣΧΥΣ
Thursday
Friday.
Saturday.
b=
b=
b. Determine the fixed cost per day:
(Ex) (Ex)
a. Using the least squares method, determine the variable cost per unit shipped:
- Σχι)-(Σ.Σ.)
ExªHEX
EX=
a=
a=
12
17
10
n
7
9
5
Shipping
Cost
(Y)
$ 580
550
505
535
475
$3,300
%1
$ 6,960
11,135
5,500
3,535
4815
2.375
$34,320
EY=
Chapter 6
c. Express the cost formula for shipping costs in the form Y= a + bx,
144
49
Substitute the "b" term you solved for in part (a) in the above equation along with EY, DX, and s
25
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