Question: Refer to E3.13. These data were entered into a regression program, resulting in the following output. Determine the cost equation and evaluate its strength. Data

Refer to E3.13. These data were entered into a regression program, resulting in the following output. Determine the cost equation and evaluate its strength. Intercept X coefficient R square 235-7143 413.5714 0.9246

Data from E3.13

The engineering costs and the number of machine setups for each month during the first half of the year at Decklever Company follow. Using the high/low cost estimation method, determine the cost equation.

Intercept X coefficient R square 235-7143 413.5714 0.9246

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