educationswileyscom C immignw\" , W NWP Assessment Player Ui Application 6 Chapter 3 Assignments Question 3 of4 0.5 /1 '5 Karen was attempting to estimate a model for her small business's overhead costs. She is 99.9% sure that overhead costs are driven primarily by production, but she also knows that this cost isn't entirely variable. 50 she grabbed the last 8 months of production and overhead cost data, listed it out, and plotted it as follows. Month # of Units Produced Overhead Cost 1 270 $3,400 2 230 2,530 3 300 3,140 4 360 3,900 5 380 3,580 6 340 3,770 7 290 3,130 8 310 3,900 (a1) V Your answer is correct. Karen is planning to use the high-low method to estimate this cost function. Is it important for the data to exhibit a linear relationship when using this method? O Y education.wiley.com C WP Chapter 3 Assignments W NWP Assessment Player UI Application Chapter 3 Assignments Question 3 of 4 0.5 /1 8 : Your answer is correct. Karen is planning to use the high-low method to estimate this cost function. Is it important for the data to exhibit a linear relationship when using this method? It is important for the data to exhibit a linear relationship. eTextbook and Media Attempts: 1 of 3 used (b) * Your answer is incorrect. Help Karen estimate her company's overhead costs using the high-low method. Write your final model in Y = m(X) + b format. Y = $ 9 X + $ 430 eTextbook and Media Assistance Used Save for Later Attempts: 2 of 3 used Submit