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Exercise 5A-5(Algo) Least-Squares Regression [LO5-11] George Caloz & Frres, located in Grenchen, Switzerland,...

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Exercise 5A-5(Algo) Least-Squares Regression [LO5-11]
George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks:
\table[[Week,Units,\table[[Total],[C]],\table[[Etching],[Cost]]],[1,9,,21],[2,12,,25],[3,13,,30],[4,9,&.,20],[5,11,,25],[6,18,a,34],[72,$,155]]
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week.
Exercise 5A-5 Part 2(Algo)
2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week.
2-b. Express these estimates in the form Y=a+bx.
Complete this question by entering your answers in the tabs below.
Req 2A
Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. (Round your answers to 2 decimal places.)
Fixed etching cost per week
Variable etching cost per unit
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