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Carol was attempting to estimate a model for har small business's overhead costs. She is 99.9% sure that overhead costs are driven primarily by production, but she also knows that this cost isn't entirely variable. So she grabbed the last 8 months of production and overhead cost data, listed it out, and plotted it as follows Month 1 2 3 4 (b) 5 6 7 8 (a1) it 14 # of Units Produced 250 210 Y-S 280 340 360 320 270 Sava for Lanar 290 Your answer is correct Carol is planning to use the high-low method to estimate this cast function. Is it important for the data to exhibit a linear relationship when using this method? eTextbook and Medla x Your answer is incorrect. Overhead Cost $2,460 eTextbook and Media 1,900 V important for the data to exhibit a linear relationship. 2,150 2,710 2,400 EX+S 2,670 2,160 2,890 Help Carol estimate her company's overhead costs using the high-low method. Write your final model in Y-m00+ b format. Attempts: 1 of 3 used 920 Attempts: 1 of 3 used Submit Answer 4

isherbor enelast A Nick's Tre Trimming Service was really taking off! He was thrilled that he needed to hire three more employees to keep up with all the work He realized that his years long strategy of investing in a marketing plan clearly must have something to do with it. As soon as the business idea was conceived, Nick made a strategic plan that included consistent marketing efforts at steady intervals throughout each year. Every quarter, he updated his messaging. with input from his marketing vendor, and got his updated message out to the public. His quarterly marketing expenses along with the corresponding revenues are as follows. (b) Run the regression model in Excel and evaluate it for goodness of fit, significance of the independent variable, and economic plausibility. Specify your final model in Ym(Q)+b format. (Round answers to 2 decimal places, es. 15.25)

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