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 Units 16 $ 26 11 17 [I] 9 13 16 82 $ 155 2 3 4 5 6 Total Etching Cost Req 2A 24 Req 2B 29 23 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Fixed etching cost per week Variable etching cost per unit 25 Exercise 5A-5 Part 2 (Algo) 28 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. Complete this question by entering your answers in the tabs below. 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.) Req 2A Req 2B >
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 Units 16 $ 26 11 17 [I] 9 13 16 82 $ 155 2 3 4 5 6 Total Etching Cost Req 2A 24 Req 2B 29 23 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Fixed etching cost per week Variable etching cost per unit 25 Exercise 5A-5 Part 2 (Algo) 28 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. Complete this question by entering your answers in the tabs below. 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.) Req 2A Req 2B >
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
16
11
17
9
13
16
82
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
$ 26
24
29
Exercise 5A-5 Part 2 (Algo)
23
25
28
$ 155
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.
Complete this question by entering your answers in the tabs below.
Req 2B
Fixed etching cost per week
Variable etching cost per unit
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.)
< Req 2A
Req 2B
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F739654ea-7ce4-4097-87e2-32b7d528493b%2F91c5d4b5-655a-4609-bd36-51629430c3a8%2Fwlmpp9t_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
1
2
3
4
5
6
Units
16
11
17
9
13
16
82
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
$ 26
24
29
Exercise 5A-5 Part 2 (Algo)
23
25
28
$ 155
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.
Complete this question by entering your answers in the tabs below.
Req 2B
Fixed etching cost per week
Variable etching cost per unit
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.)
< Req 2A
Req 2B
>
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