Question: Refer to the data in the preceding exercise. Required: 1. Draw a scatter diagram and graph the company's energy cost behavior using the visual-fit method.
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Required:
1. Draw a scatter diagram and graph the company's energy cost behavior using the visual-fit method.
2. Predict the energy cost for a month in which 26,000 pints of applesauce are produced.
3. What peculiarity is apparent from the scatter diagram? What should the cost analyst do?
Month January February March April May June July August Sxpicsnbxr October November Pints of Applesauce Produced 35, 000 21,000 22,000 24,000 30,000 32,000 40,000 30,000 30,000 28,000 41,000 39,000 Energy Cost $23,400 22,100 22,000 22,450 22,900 23,350 28,000 22,800 23,000 22,700 24,100 24,90
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