Question: 0 table [ [ Production Volume ( units ) , Total Cost ( $ ) O O Production Volume (units) 400 550 600 700

O O Production Volume (units) 400 550 600 700 750 Total Cost ($) 5,000 6,000 6,400 6,900 7,400 8,000 a. Use these data to develop an estimated regression equation that could be used to predict the total cost for a given production volume. Do not round intermediate calculations. Compute bl and bo (to 1 decimal). Do not round intermediate calculations. 76 e bo 1246.6 Complete the estimated regression equation (to 1 decimal). Do not round intermediate calculations. b. What is the variable cost per unit produced (to 2 decimal)? Do not round intermediate calculations. 76 s c. Compute the coefficient of determination (to 3 decimals). Do not round intermediate calculations. Note: report r2 between O and 1. r2 = 0.979 What percentage of the variation in total cost can be explained by the production volume (to I decimal)? Do not round intermediate calculations. 95.87 d. The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number)? Do not round intermediate calculations.
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