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Perform a least squares regression.

Perform a least squares regression.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February March April May June July August Number of Hats Produced 3,200 6,500 7,800 2,500 6,590 6,800 Variable cost per unit Total fixed cost 3,000 3,450 Total Cost $ 4,900 8,900 9,995 3,900 8,950 9,300 4,700 5,250 Required: Perform a least squares regression. Note: Round your answers to 2 decimal places.
Transcribed Image Text:Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February March April May June July August Number of Hats Produced 3,200 6,500 7,800 2,500 6,590 6,800 Variable cost per unit Total fixed cost 3,000 3,450 Total Cost $ 4,900 8,900 9,995 3,900 8,950 9,300 4,700 5,250 Required: Perform a least squares regression. Note: Round your answers to 2 decimal places.
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