It's called the least squares method because the parameters of the regression line are adjusted in such a way that the sum of squares of the difference (between the actual and predicted values) is a minimum.
The cost and revenue function of the company are as follows;
- cost function = 350x + 20000
- revenue function = 100x - 20000
<h3>How to find the cost and revenue function?</h3>
It costs them $350 to make each chair, plus fixed costs for operation of $20,000. Therefore,
let
x = number of chair
cost function = 350x + 20000
The company sells a chair for $450. Therefore,
revenue function = 450x - (350x + 20000)
revenue function = 450x - 350x - 20000
revenue function = 100x - 20000
learn more on cost and revenue here: brainly.com/question/14097232
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Answer:
Can u separate it?
Step-by-step explanation:
X + 6 = x in math would be a Linear equation. Now in a question ther would be something that said x = whatever number x equals and then you could solve this question.
Hope I helped
Brainliest if satisfied :D