The following activity and cost data that were provided by Hoist Corporation would help in estimating its future maintenance costs:   Units Maintenance cost 3 P1,350 7 P1,590 11 P1,920 15 P2,100                                                                                                                                            Using the least squares regression method to estimates the cost formula, the expected total cost for an activity level of 10 units would be closest to:

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 3E: For the following table of data. x 1 2 3 4 5 6 7 8 9 10 y 0 0.5 1 2 2.5 3 3 4 4.5 5 a. draw a...
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The following activity and cost data that were provided by Hoist Corporation would help in estimating its future maintenance costs:

 

Units

Maintenance cost

3

P1,350

7

P1,590

11

P1,920

15

P2,100

                                                                                                                                          

Using the least squares regression method to estimates the cost formula, the expected total cost for an activity level of 10 units would be closest to:

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