Required information Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11] George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 2 Units 9 12 13 9 11 18. 72 Total Etching Cost $ 21 25 30 20 25 34 $ 155 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 2A-5 Part 2 (Algo) Required: 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching post per week. 2-b. Express these estimates in the form Ya+bX.
Required information Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11] George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 2 Units 9 12 13 9 11 18. 72 Total Etching Cost $ 21 25 30 20 25 34 $ 155 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 2A-5 Part 2 (Algo) Required: 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching post per week. 2-b. Express these estimates in the form Ya+bX.
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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![Required information
Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11]
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the
company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs
as follows over the last six weeks:
Week
-1
3
Units
9-
12
13
9
11
18
72
Total Etching
Cost
$ 21
25
30
20
25
34
$155
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week.
Exercise 2A-5 Part 2 (Algo)
Required:
2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week.
2-b. Express these estimates in the form Y = a +bX.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1cc4c47a-c8ef-43a5-aa4c-da131ebd3819%2F8bda8447-fcac-4ed7-8f3b-0ee0c5f4a467%2F94d5x6p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11]
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the
company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs
as follows over the last six weeks:
Week
-1
3
Units
9-
12
13
9
11
18
72
Total Etching
Cost
$ 21
25
30
20
25
34
$155
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week.
Exercise 2A-5 Part 2 (Algo)
Required:
2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week.
2-b. Express these estimates in the form Y = a +bX.
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