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Jorgenson Corporation has provided the following data for thefirst five months of the year:Machine...Jorgenson...

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Accounting

Jorgenson Corporation has provided the following data for thefirst five months of the year:

Machine hours Lubrication cost

January 280 $1,530

February 360 $1,645

March 445 $1,755

April 310 $1,590

May 362 $1, 705

Using the least-squares regression method of analysis, theestimated variable lubrication cost per machine hour is closestto?

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Transcribed Image Text

In: AccountingJorgenson Corporation has provided the following data for thefirst five months of the year:Machine...Jorgenson Corporation has provided the following data for thefirst five months of the year:Machine hours Lubrication costJanuary 280 $1,530February 360 $1,645March 445 $1,755April 310 $1,590May 362 $1, 705Using the least-squares regression method of analysis, theestimated variable lubrication cost per machine hour is closestto?

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