2. With the data below, find the fixed and variable parts of the monthly Wage cost,...

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2. With the data below, find the fixed and variable parts of the monthly Wage cost, using the a) regression and b) max-min method. Revenue (X) Wage (Y) 11,200 13,000 14,900 19,100 22,000 24,200 26,300 27,400 23,500 20,100 18,200 16,000 January February March April May June July August Septembe r October November December 5,300 6,100 6,200 7,000 9,000 9,600 9,700 10,100 8,300 7,600 8,000 7,100 2. With the data below, find the fixed and variable parts of the monthly Wage cost, using the a) regression and b) max-min method. Revenue (X) Wage (Y) 11,200 13,000 14,900 19,100 22,000 24,200 26,300 27,400 23,500 20,100 18,200 16,000 January February March April May June July August Septembe r October November December 5,300 6,100 6,200 7,000 9,000 9,600 9,700 10,100 8,300 7,600 8,000 7,100

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Regression method The equation of a line is ymxb X Hours ytotal cost m N xy Ex yN x2 Ex2 Month Reven... View the full answer