Least Squares Regression Analysis for power costs. Nine months of data have been collected and...
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Least Squares Regression Analysis for power costs. Nine months of data have been collected and are presented in the chart below: Note: For the following requirements, round the variable cost per unit to the nearest cent and the total fixed cost to the nearest dollar. Required a. Use the high and low points to estimate a power cost formula. Power cost =$ x+($ x x machine hours)
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