Question: please explain this. Use the following data for questions 2 through 4. The recent high and low levels of hours operated and monthly repair cost

please explain this. Use the following data for questions 2 through 4. The recent high and low levels of hours operated and monthly repair cost for heavy equipment for Universal Mfg. are shown below: ...

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The recent high and low levels of hours operated and monthly repair cost for heavy equipment for Universal Mfg. are shown below: Hours Operated Repair Cost Highest observed level 24,000 $7,450 Lowest...

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