Required information Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11] 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 2 3 4 5 6 Units 9 6 11 5 7 10 48 Req 2A un For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Total Etching Cost $ 27 20 31 20 Exercise 5A-5 Part 2 (Alg 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. Req 2B 24 30 $ 152 Complete this question by entering your answers in the tabs below. Fixed etching cost per week Variable etching cost per unit Answer is complete but not entirely correct. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. (Round your answers to 2 decimal places.) S 20.47 X $ 0.61 X
Required information Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11] 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 2 3 4 5 6 Units 9 6 11 5 7 10 48 Req 2A un For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Total Etching Cost $ 27 20 31 20 Exercise 5A-5 Part 2 (Alg 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. Req 2B 24 30 $ 152 Complete this question by entering your answers in the tabs below. Fixed etching cost per week Variable etching cost per unit Answer is complete but not entirely correct. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. (Round your answers to 2 decimal places.) S 20.47 X $ 0.61 X
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
i.7
![Required information
Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11]
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
123456
Units
9
6
11
5
7
10
48
Req 2A
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching
cost per week.
Total Etching
Cost
$ 27
20
31
20
Exercise 5A-5 Part 2 (Algo)
24
30
$ 152
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.
Req 2B
Complete this question by entering your answers in the tabs below.
Fixed etching cost per week
Variable etching cost per unit
X Answer is complete but not entirely correct.
Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per
week. (Round your answers to 2 decimal places.)
S
$
20.47 X
0.61 X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2fee415-a6eb-4c24-ac21-39c55e6bc93a%2F1d63dcca-250e-4f29-af18-7f82ee07ddb9%2Fbwrfvq8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11]
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
123456
Units
9
6
11
5
7
10
48
Req 2A
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching
cost per week.
Total Etching
Cost
$ 27
20
31
20
Exercise 5A-5 Part 2 (Algo)
24
30
$ 152
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.
Req 2B
Complete this question by entering your answers in the tabs below.
Fixed etching cost per week
Variable etching cost per unit
X Answer is complete but not entirely correct.
Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per
week. (Round your answers to 2 decimal places.)
S
$
20.47 X
0.61 X
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