Question: For the following cost information, develop a single variable, cost estimating relationship using regression. Find the value of R. What does R represent? Cost

For the following cost information, develop a single variable, cost estimating relationship using regression. Find the value of R. What does R represent? Cost 62,465.23 59,096.96 118,556.73 83,715.95 82,922.07 39,812.47 125,025.33 72,381.23 116,509.44 64,857.82 85,342.79 94,390.92 82,196.61 128,302.99 99,399.89 88,476.72 81,521.22 62,465.23 Tons Produced/Month 357 425 562 721 583 442 633 711 595 475 737 520 480 599 623 470 395 357

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