Felix & Company reports the following information. Period Units Produced 0 460 860 1,260 1,660 2,060 2,460 1234567899 2,860 3,260 3,660 Cost equation = Total Costs $ 4,560 3,860 4,260 4,860 3,960 4,160 8,660 16,060 4,860 10,782 Use spreadsheet software to use ordinary least-squares regression to estimate the cost equation, including fixed and variable cost amounts. per unit

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 56P
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Felix & Company reports the following information.
Period
1
567698AWNH
2
3
4
10
Units Produced
0
Cost equation =
460
860
1,260
1,660
2,060
2,460
2,860
3,260
3,660
Total Costs
$ 4,560
3,860
4,260
4,860
3,960
4,160
8,660
16,060
4,860
10,782
Use spreadsheet software to use ordinary least-squares regression to estimate the cost equation, including fixed and variable cost
amounts.
per unit
Transcribed Image Text:Felix & Company reports the following information. Period 1 567698AWNH 2 3 4 10 Units Produced 0 Cost equation = 460 860 1,260 1,660 2,060 2,460 2,860 3,260 3,660 Total Costs $ 4,560 3,860 4,260 4,860 3,960 4,160 8,660 16,060 4,860 10,782 Use spreadsheet software to use ordinary least-squares regression to estimate the cost equation, including fixed and variable cost amounts. per unit
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