Required information 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 123456 2 Units 12 11 13 9 12 14 71 Total Etching Cost $ 26 22 28 19 25 28 $ 148 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 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.

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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
1
2
3
5
6
Units
12
11
13
9
12
14
71
Total Etching
Cost
$ 26
22
28
19
25
28
$ 148
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week.
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.
Transcribed Image Text:! Required information 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 1 2 3 5 6 Units 12 11 13 9 12 14 71 Total Etching Cost $ 26 22 28 19 25 28 $ 148 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 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.
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