Question: please help ASAP Maria was attempting to estimate a model for her small business's overhead costs. She is 99.9% sure that overhead costs are driven
Maria 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. So she grabbed the last B months of production and overhead cost data, listed it out, and plotted it as follows. (a) 1) Your answer is correct Maria is planning to use the hieh-low method to estimate this cost function. Is it important for the data to exhibit a linear relationship when using this method? It important for the data to echibit a finear relationship. (b) Help Maria estimate her company/s overhead costs using the high-lowmethod. Write your final model in Y=m(X)+ b format: Y=5
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