Question: You may need to use the appropriate technology to answer this question. Consider the following sample of production volumes and total cost data for a

You may need to use the appropriate technology to answer this question. Consider the following sample of production volumes and total cost data for a manufacturing operation. Production Volume |Total Cost (units) ($) 400 4,000 450 4,900 550 5,400 600 5,800 700 6,400 750 6,900 This data was used to develop an estimated regression equation, y = 1,242.67 + 7.52x, relating production volume and cost for a particular manufacturing operation. Use a = 0.05 to test whether the production volume is significantly related to the total cost. (Use the F test.) State the null and alternative hypotheses. O Ho: Po $ 0 Ha: Po = 0 OH: B1 = 0 Ha : B, # 0 OH: B, 20 Ha: B,
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