Question

Production Volume (units) 400 450 550 600 700 750 800 850 900 950 Total Cost (rands) 4000 5000 5400 5900 6400 7000 7200 7500 7600 7600 2.1. Construct a diagram to show graphically the relationship between the production volume and total cost and comment on your findings. (10 marks) 2.2. Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume. (10 marks) 2.3. Provide an interpretation of the slope of the estimated regression equation. (5 marks) 2.4. The company’s production schedule shows 1000 units must be produced next month. What is the estimated total cost for this operation? (5 marks) 2.5. Conduct the calculations required to determine whether the model is acceptable for future decision making. (20 marks) 2.6. Test the significance of the correlation coefficient using α = 0.05.​

Answer 1

No entiendo porque esta en ingles hajaj