60.1K

Verified Solution

Link Copied!

Required information [The following information applies to the questions displayed below.] Odessa, Incorporated, manufactures one model of computer desk. The following data are avallable regarding units shipped and total shipping costs: Required: 3. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. 4. Perform a least-squares regression analysis on Odessa's data. 5. Using the regression output, create a linear equation (y=a+bx) for estimating Odessa's shipping costs. Complete this question by entering your answers in the tabs below. Perform a least-squares regression analysis on Odessa's data. . Note: Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places. Required information [The following information applies to the questions displayed below.] Odessa, Incorporated, manufactures one model of computer desk. The following data are available regarding units shipped and total shipping costs: Required: 3. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. 4. Perform a least-squares regression analysis on Odessa's data. 5. Using the regression output, create a linear equation (y=a+bx) for estimating Odessa's shipping costs. Complete this question by entering your answers in the tabs below. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. Note: Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar. Required information [The following information applies to the questions displayed below] Odessa, Incorporated, manufactures one model ot computer desk. The following data are available regarding units shipped and total shipping costs: Required: 3. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. 4. Perform a least-squares regression analysis on Odessa's data. 5. Using the regression output, create a linear equation (y=a+bx) for estimating Odessa's shipping costs. Complete this question by entering your answers in the tabs below. Using the regresslon output, create a linear equation (y=a+bx) for estimating Odessa's shipping costs. Note: Round your answers to 2 decimal places

Answer & Explanation Solved by verified expert

See Answer