Question: Help!! And please show me the equations being used, it'll help! :) The Tanner Company has gathered the following Information about shipping costs. Based on
The Tanner Company has gathered the following Information about shipping costs. Based on the data, answer the following questions Prepare a scattergraph of units shipped vs, shipping costs (attach a copy of the scattergraph) Does there seem to be a strong relationship between them ? Using the high-low method estimate a cost function for shipping costs (e.g. estimate a and b for a Y = a + bx Using least squares regression, do the same thing (attach a copy of your regression output). How strong is the relationship between units shipped and shipping costs? How can you tell? What would you predict shipping costs to be in a month when 135,000 units are shipped
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