The cost of producing a particular type of auto-mobile in four different countries is shown inthe table below:Number of FixedcostcarsproducedTotal Variablecost (Ksh.0,000)Country(Ksh.0,000)Japan6.100140India9.30150China15120330Germany12200160Which country has the lowest average cost ofproduction

We know, Total Cost (TC) = Fixed Cost + Variable cost and, Average cost of Production = Total Cost…

The cost of producing a particular type of auto- mobile in four different countries is shown in the table below: Number of Fixed cars produced Total Variable cost (Ksh. 0,000) cost Country (Ksh. 0,000) Japan 100 140 India 9. 30 150 China 15 120 330 Germany 12 200 160 Which country has the lowest average cost of production

The cost of producing a particular type of auto- mobile in four different countries is shown in the table below: Number of Fixed cars produced Total Variable cost (Ksh. 0,000) cost Country (Ksh. 0,000) Japan 100 140 India 9. 30 150 China 15 120 330 Germany 12 200 160 Which country has the lowest average cost of production

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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Concept explainers

Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.

Question

The cost of producing a particular type of auto-
mobile in four different countries is shown in
the table below:
Number of Fixed
cost
cars
produced
Total Variable
cost (Ksh.
0,000)
Country
(Ksh.
0,000)
Japan
6.
100
140
India
9.
30
150
China
15
120
330
Germany
12
200
160
Which country has the lowest average cost of
production

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