(a) Using the data in Exercise 2-21, estimate the relationship between machine hours and units produced using...

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(a) Using the data in Exercise 2-21, estimate the relationship between machine hours and units produced using linear regression.

(b) Do you have any concerns with the estimate you produced in part (a)?

Data from Exercises 2-21

This production data was recorded during the last quarter of operations at Metal Company.

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Management Accounting Information For Decision Making

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Authors: Anthony A. Atkinson

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(a) Using the data in Exercise 2-21, estimate the relationship between machine hours and units produced using...

Question:

WEEK 1...... 2.... 3... 4... 5..... 6..... 7.... 8.... 9.... 10..... 11... 12... UNITS MACHINE HOURS PRODUCED 1,692 1,330 1,559 1,633 1,432 1,572 1,372 1,433 1,795 1,464 1,723 1,278 4,153 2,529 3,184 3,531 2,893 2,282 2,955 3,016 4,200 2,772 2,166 2,507

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Management Accounting Information For Decision Making

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