Delicacies Above the Rest, a high-end United States based restaurant in Montego bay, used regression analysis to develop a cost function for producing mini cheesecakes. The calculations have produced the following information: Ex 270, Ey = 360, nEx2 = 10,818, Ey2 18,107 and nExy = 14,102

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
icon
Related questions
Question
Delicacies Above the Rest, a high-end United States based restaurant in Montego bay, used regression analysis to developa cost function for producing mini
cheesecakes. The calculations have produced the following information:
Ex 270, Ey = 360, nEx2 10,818, Ey2 18,107 and nExy 14,102
Using the information given, what is the variable cost per unit?
US$0.96
Ob.
US$3.70
Oc.
US$0.52
d.
US$1.21
Transcribed Image Text:Delicacies Above the Rest, a high-end United States based restaurant in Montego bay, used regression analysis to developa cost function for producing mini cheesecakes. The calculations have produced the following information: Ex 270, Ey = 360, nEx2 10,818, Ey2 18,107 and nExy 14,102 Using the information given, what is the variable cost per unit? US$0.96 Ob. US$3.70 Oc. US$0.52 d. US$1.21
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning