Plot the data on a scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly production costs. If needed, an Excel worksheet is provided in the following link in order to create the scatter diagram:Scatter_Diagram

E2-19	Data for scatter diagram
	Month	Sales Orders	Order-Processing Costs
	1	3,000	$ 82,700
	2	1,500	50,375
	3	4,400	120,700
	4	2,800	81,900
	5	2,300	69,775
	6	1,200	43,100
	7	2,000	62,500

=$ +$ X