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Required: Create a scattergraph using Canyon's activity and cost information and draw a line on the graph that you believe has the best fit Instructions

Required: Create a scattergraph using Canyon's activity and cost information and draw a line on the graph that you believe has the best fit Instructions

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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S Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month January February March April May June July August September Total Cost 6000- 5000 Required: Create a scattergraph using Canyon's activity and cost information and draw a line on the graph that you believe has the best fit 4000- Instructions: 1. Click on a point to the right of the graph. 2. Click within the graph to place the point. 3. To enter exact coordinates, click on the point and then click on the processing wheel symbol and then enter the exact coordinates in the dialog box that pops up. 4. Click OK. 5. Use the line tool provided to plot a regression line for this data with ending coordinates of (700, 6000). To use the line tool, first click on the appropriate y-intercept point, then click the second appropriate point on the graph to create the line. Scattergraph-Cost of Cavities Filled 3000 2000- Number of Carition rilled 625 700 500 1000- 425 450 300 375 550 575 300 Total Cont $3,600 6,000 4,500 4,100 reset 4,500 3,200 000 Number of Cavities Filled 3,500 4,900 5,400 Jan to to je to to 10 Feb May June July
Transcribed Image Text:S Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months: Month January February March April May June July August September Total Cost 6000- 5000 Required: Create a scattergraph using Canyon's activity and cost information and draw a line on the graph that you believe has the best fit 4000- Instructions: 1. Click on a point to the right of the graph. 2. Click within the graph to place the point. 3. To enter exact coordinates, click on the point and then click on the processing wheel symbol and then enter the exact coordinates in the dialog box that pops up. 4. Click OK. 5. Use the line tool provided to plot a regression line for this data with ending coordinates of (700, 6000). To use the line tool, first click on the appropriate y-intercept point, then click the second appropriate point on the graph to create the line. Scattergraph-Cost of Cavities Filled 3000 2000- Number of Carition rilled 625 700 500 1000- 425 450 300 375 550 575 300 Total Cont $3,600 6,000 4,500 4,100 reset 4,500 3,200 000 Number of Cavities Filled 3,500 4,900 5,400 Jan to to je to to 10 Feb May June July
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