IQuestion 1]a. The following table shows demand (x) and supply (v) for a sample of a certaincommodity.12711195213417143212864311230yi.Plot the points on a scatter graph and state the relationship between the twovariables.ii.Calculate the value of the product moment correlation coefficient for the data andcomment briefly.b. Company Y wants to determine the cost-volume relation between its factory overheadcost and number of units produced. The volume and the corresponding total costinformation of the factory for past eight months are given below:Month2345678.Units1,5201,2501,7501,6002,3502,1003,0002,750FOH S36,375 $38,000 $41,750 S42,360 $55,080 SS48,100 $59,000 $56,800Factory Overhead costs of Company Yi.Use the high-low method to split its factory overhead (FOH) costs into fixed andvariable components and create a cost volume formula.ii.Briefly explain why this method is unreliable as a means of cost estimation andsuggest one other method that may prove more useful.iii.Estimate the cost when exactly 2000 units are produced.

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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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The following table shows demand (x) and supply (v) for a sample of a certain commodity. 12 7 11 19 21 3 17 14 3 21 28 43 1 12 30 Plot the points on a scatter graph and state the relationship between the two variables. 4. 5.