Question: An important application for regression in manufacturing is the estimation of cost of production.Based on DATA from Ajaz Widgets relating cost (y) to volume (x),

An important application for regression in manufacturing is the estimation of cost of production.Based on DATA from Ajaz Widgets relating cost (y) to volume (x), what is the cost of producing 600 widgets?

Production Volume (units) 400 450 550 600 700 750 425 475 575 625 725 775

Total Cost ($) 5424 5657 5759 7294 7583 8603 5311 6093 6662 7380 7784 8588

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