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The finance director at Ubuntu University of Science and Technology is concerned about the overhead costs...

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The finance director at Ubuntu University of Science andTechnology is concerned about the overhead costs at her university.Cost pressures are severe and so controlling and reducing overheadsis very important. The director believes overhead costs incurredare generally a function of the number of different academicprogrammes, and the number of enrolled students. The following datahas since been collected for analysis:

yearOverhead
Costs		Number of Academic
Programmes		Number of Enrolled
Students
1$13 500293 400
219 200365 000
316 800492 600
420 100534 700
519 500543 900
623 100584 900
723 700885 700
820100723 900
922 800833 500
1029 700733 700
1131 2001015 600
12381001037 600

Required

a) Using the above data, estimate the regression line

. b) Calculate the coefficient of determination.

c) What insights do the analyses provide about controlling andreducing overhead costs at the university?

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