Chips A start-up company has developed an improvedelectronic chip for use in laboratory equipment. Thecompany needs to project the manufacturing cost, so itdevelops a spreadsheet model that takes into account the purchase of production equipment, overhead, raw materi-als, depreciation, maintenance, and other business costs. The spreadsheet estimates the cost of producing 10,000to 200,000 chips per year, as seen in the table. Developa regression model to predict Costs based on the Level ofproduction. Chips Produced(1000s) Cost perChip ($)Chips Produced(1000s) Cost perChip ($)10 146.10 90 47.2220 105.80 100 44.3130 85.75 120 42.8840 77.02 140 39.0550 66.10 160 37.4760 63.92 180 35.0970 58.80 200 34.0480 50.91
Chips A start-up company has developed an improvedelectronic chip for use in laboratory equipment. Thecompany needs to project the manufacturing cost, so itdevelops a spreadsheet model that takes into account the purchase of production equipment, overhead, raw materi-als, depreciation, maintenance, and other business costs. The spreadsheet estimates the cost of producing 10,000to 200,000 chips per year, as seen in the table. Developa regression model to predict Costs based on the Level ofproduction. Chips Produced(1000s) Cost perChip ($)Chips Produced(1000s) Cost perChip ($)10 146.10 90 47.2220 105.80 100 44.3130 85.75 120 42.8840 77.02 140 39.0550 66.10 160 37.4760 63.92 180 35.0970 58.80 200 34.0480 50.91
Chapter6: Systems Of Equations And Inequalities
Section6.6: Linear Programming
Problem 40E: Optimal Labor A manufacturer has two different factories that produce three grades of steel:...
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Chips A start-up company has developed an improved
electronic chip for use in laboratory equipment. The
company needs to project the manufacturing cost, so it
develops a spreadsheet model that takes into account the
electronic chip for use in laboratory equipment. The
company needs to project the manufacturing cost, so it
develops a spreadsheet model that takes into account the
purchase of production equipment, overhead, raw materi-
als, depreciation, maintenance, and other business costs.
als, depreciation, maintenance, and other business costs.
The spreadsheet estimates the cost of producing 10,000
to 200,000 chips per year, as seen in the table. Develop
a regression model to predict Costs based on the Level of
production.
to 200,000 chips per year, as seen in the table. Develop
a regression model to predict Costs based on the Level of
production.
Chips Produced
(1000s)
(1000s)
Cost per
Chip ($)
Chips Produced
(1000s)
Chip ($)
Chips Produced
(1000s)
Cost per
Chip ($)
10 146.10 90 47.22
20 105.80 100 44.31
30 85.75 120 42.88
40 77.02 140 39.05
50 66.10 160 37.47
60 63.92 180 35.09
70 58.80 200 34.04
80 50.91
Chip ($)
10 146.10 90 47.22
20 105.80 100 44.31
30 85.75 120 42.88
40 77.02 140 39.05
50 66.10 160 37.47
60 63.92 180 35.09
70 58.80 200 34.04
80 50.91
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