The below data on the production volume x and total cost y (in dollars) for a particular manufacturing operation were used to develop the estimated regression equation 1,121 33 7 76 x Production Volume (units) Total Cost ($) 400 3,900 450 4,900 550 5,400 600 6,000 700 6,400 750 6,900 (a)The company's production schedule shows that650units must be produced next month What is the point estimate of the total cost (in dollars) for next month (Round your answer to the nearest cent )$ (b)Develop a 99 prediction interval for the total cost (in dollars) for next month (Round your answers to the nearest cent )$ to $

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Question: The below data on the production volume x and total cost y (in dollars) for a particular manufacturing operation were used to develop the estimated

The below data on the production volumexand total costy(in dollars) for a particular manufacturing operation were used to develop the estimated regression equation

=1,121.33+7.76x.

Production Volume (units)	Total Cost ($)
400	3,900
450	4,900
550	5,400
600	6,000
700	6,400
750	6,900

(a)The company's production schedule shows that650units must be produced next month. What is the point estimate of the total cost (in dollars) for next month? (Round your answer to the nearest cent.)$ (b)Develop a 99% prediction interval for the total cost (in dollars) for next month. (Round your answers to the nearest cent.)$ to $

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