Using regression analysis determine the cost function for AMK Industries
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
Related questions
Question
![Machine hours and electricity costs for AMK Industries for the past year
were as follows:
Month
January
February
March
April
May
June
July
August
Machine
hours
72
73
77
69
66
71
80
63
Electricity
costs
$750
$750
$790
$730
$690
$720
$800
$730
Required:
Using regression analysis determine the cost function for AMK
Industries](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3158e68-776a-4228-9fdf-a485a923fea8%2Fb8ab5198-af95-40dc-a9f6-0cdc58c4040c%2Fhj3a9l9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Machine hours and electricity costs for AMK Industries for the past year
were as follows:
Month
January
February
March
April
May
June
July
August
Machine
hours
72
73
77
69
66
71
80
63
Electricity
costs
$750
$750
$790
$730
$690
$720
$800
$730
Required:
Using regression analysis determine the cost function for AMK
Industries
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