Production Volume (units) Total Cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 a.   Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume. b.   What is the variable cost per unit

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Production Volume (units)

Total Cost ($)
400 4000
450 5000
550 5400
600 5900
700 6400
750 7000

a.   Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume.
b.   What is the variable cost per unit produced?
c.    Compute  the  coefficient  of  determination.  What  percentage  of  the  variation  in  total  cost  can  be explained by production volume?

Please do not handwrite ( sometimes its not clear and ledge able) thank you.

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