Question

Using the data provided in E6- 49B, the laboratory manager performed a regression analysis to predict total laboratory overhead costs. The output generated by Excel is as follows:


Requirements
1. Determine the lab’s cost equation (use the output from the Excel regression).
2. Determine the R- square (use the output from the Excel regression).
3. Predict the total laboratory overhead for the month if 3,000 tests areperformed.


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  • CreatedAugust 27, 2014
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