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The following information is available regarding the total repair costs of Alexander Design Company for six months of 2022:   Using the least-square regression analysis on Excel, construct a cost formula. Run a regression analysis on the data above and provide your response to the following three questions. Round decimals to the nearest tenth (i.e, two decimal points).  (1) Provide the regression output and construct a cost model.  (2) According to the cost model, what is the estimated total fixed cost? (3) According to the cost model, what is the estimated variable cost per unit?

The following information is available regarding the total repair costs of Alexander Design Company for six months of 2022:   Using the least-square regression analysis on Excel, construct a cost formula. Run a regression analysis on the data above and provide your response to the following three questions. Round decimals to the nearest tenth (i.e, two decimal points).  (1) Provide the regression output and construct a cost model.  (2) According to the cost model, what is the estimated total fixed cost? (3) According to the cost model, what is the estimated variable cost per unit?

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
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The following information is available regarding the total repair costs of Alexander Design Company for six months of 2022:

 

Using the least-square regression analysis on Excel, construct a cost formula. Run a regression analysis on the data above and provide your response to the following three questions. Round decimals to the nearest tenth (i.e, two decimal points). 

(1) Provide the regression output and construct a cost model. 

(2) According to the cost model, what is the estimated total fixed cost?

(3) According to the cost model, what is the estimated variable cost per unit? 

Repair Cost Units Produced January.. February. $15,875 $16,500 1,500 1,750 March 1,000 $11,250 April May $15,250 $17,750 $20,250 1,250 1,875 June 2,250
Transcribed Image Text:Repair Cost Units Produced January.. February. $15,875 $16,500 1,500 1,750 March 1,000 $11,250 April May $15,250 $17,750 $20,250 1,250 1,875 June 2,250
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