Question: Given the output depicted below from a linear regression, what cost function should we use for total quality control costs? Regression Statistics Multiple R 1

Given the output depicted below from a linear regression, what cost

Given the output depicted below from a linear regression, what cost function should we use for total quality control costs? Regression Statistics Multiple R 1 R Square 0.99 Adjusted R Square 0.99 Standard Error 195.35 Observations 5 ANOVA df SS MS F Significance F Regression 1 12492415.96 12492415.96 327.37 0 Residual 3 114479.24 38159.75 Total 4. 12606895.2 Standard P- Coefficients Error t Stat value Intercept 10630.8 1187.44 8.95 0 Number of Tests 8.83 0.49 18.09 O Total Quality Control Costs = $10,630.8 + $327.37 per test x Number of Tests Total Quality Control Costs = $8.83 + $10,630.8 per test x Number of Tests Total Quality Control Costs = $10,630.8 + $8.83 per test Number of Tests O Total Quality Control Costs = $327.37 + $8.83 per test x Number of Tests

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