Required informationExercise 5A-2 (Algo) Least-Squares Regression [LO5-11][The following information applies to the questions displayed below.]Bargain Rental Car wants to better understand the variable and fixed portions of its car washing costs. The companyoperates its own car wash facility that cleans each rental car before releasing it to another customer. Managementbelieves the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the followingdata have been compiled:MonthJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberRentalReturns2,5002,5002,8003,1003,7005,1005,6005,6004,800Fixed cost per monthVariable cost per rental retur4,1002,2003,000Car Wash CoatsExercise 5A-2 Part 2 (Algo)2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars.Note: Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.$ 11,500$ 13,400$ 12,300$ 15,000$ 16,700$ 24,300$ 22,700$ 23,400$ 23,300.$ 22,600$11,200$ 16,000Answer is complete but not entirely correct.$3,0383.91$

The question is about regression.Given:To find :Estimate the variable cost per rental return and…

Answered: Required information. Exercise 5A-2…

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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