Question: Apple Inc. estimates costs for new product development using regression analysis. In January 2036, the company collects cost and production data for iPhones over the

Apple Inc. estimates costs for new product development using regression analysis. In January 2036, the company collects cost and production data for iPhones over the past 5 years.

Required:

Perform regression analysis to estimate the cost function for iPhone production.
Predict the cost of producing 1 million iPhones.

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