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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 3 4 5 6 Units 9 5 11 5 8 11 49 Total Etching Cost $ 24 21 29 20 24 27 $ 145 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 2 (Algo) 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.

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 3 4 5 6 Units 9 5 11 5 8 11 49 Total Etching Cost $ 24 21 29 20 24 27 $ 145 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 2 (Algo) 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.

MATLAB: An Introduction with Applications
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 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 5 11 5 8 11 49 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Req 2A Exercise 5A-5 Part 2 (Algo) 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. Total Etching Cost $ 24 21 29 20 24 27 $ 145 Complete this question by entering your answers in the tabs below. Req 28 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.) Fixed etching cost per week Variable etching cost per unit < Req 2A Req 2B >
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 1 2 3 4 5 6 Units 9 5 11 5 8 11 49 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Req 2A Exercise 5A-5 Part 2 (Algo) 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. Total Etching Cost $ 24 21 29 20 24 27 $ 145 Complete this question by entering your answers in the tabs below. Req 28 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.) Fixed etching cost per week Variable etching cost per unit < Req 2A Req 2B >
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