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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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Transcribed Image Text:Scatter Diagrams and High-Low Cost Estimation
Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs.
Month Sales Orders Order-Processing Costs
1
3,000
$ 165,400
2
1,500
100,750
3
4,400
241,400
4
2,800
163,800
2,300
139,550
1,200
86,200
2,000
125,000
5
6
7
Required
(a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs.
$ 28,000
+ $48.5
X
(b.) Plot the data on a scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly order-processing costs. If needed, an Excel
worksheet is provided in the following link in order to create the scatter diagram: Scatter_Diagram
$ 15,000 X+ $53.14
хх
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