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Nadusha1986 [10]
3 years ago
10

An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cos

t and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation.
Production Volume (units) Total Cost ($)
400 4000
450 5000
550 5400
600 5900
700 6400
750 7000
Compute b1 and b0 (to 2 decimals if necessary). b1 b0 Complete the estimated regression equation (to 2 decimals if necessary).
Mathematics
1 answer:
Amanda [17]3 years ago
6 0

Answer:

Y = 7.60X + 1246.67

Step-by-step explanation:

Given the data:

Production Volume (units) Total Cost ($)

400 4000

450 5000

550 5400

600 5900

700 6400

750 7000

Using technology, the linear regression calculator, the regression model obtained by fitting the data is :

Y = 7.60X + 1246.67 ; which is the model giving the relationship between Production volume, x and total cost, y.

Slope = 7.60

Intercept = 1246.67

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yan [13]

Answer:

The eight represents a tenth/ten

Step-by-step explanation:

The 2 represents a two hundred, the 8 a eight tenth/eighty and the 1 a one

5 0
3 years ago
There are 550 people at the school carnival.
Svet_ta [14]

Answer:

70% of the people at the fair are students

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Step-by-step explanation:

In order to find a percentage, take the fraction given, 385/550, and divide the numerator, 385, and divide it by the denominator, 550. Once completing this, we get 0.7

Next, we multiply the result by 100, and get 70, thus, 385 is 70% of 550.

To find how many people 30% of 550 is, we take the percentage and put it in a fraction with the denominator being 100(changes with size of fraction like a decimal, 300 would be over a denominator of 1000)

With 30/100, we then multiply by 550 with the equation looking like this:

30/100*550/1

Once we finish multiplying(typically using a calculator, although you can do it manually) we get 165, the value of how many people are on rides out of the total 550.

4 0
3 years ago
Can someone help me with this?
faltersainse [42]

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7 0
2 years ago
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John is looking at the eagle on top of a building The height of the building is 120 ft Approximately how many feet is Jack away
bearhunter [10]

Answer:

The answer is below

Step-by-step explanation:

The question is not complete. A similar question is attached and is solved.

Solution:

A triangle is a polygon with three sides and three angles. Types of triangles are scalene, acute, obtuse, isosceles, equilateral and right angled triangle.

A right angled triangle is a triangle with one angle equal to 90 degrees. The longest side of a right angled triangle is known as the hypotenuse. Trigonometric identities is used to show the relationship between the angles and sides of a right angled triangle, i.e.:

sinθ = opposite/hypotenuse; cosθ = adjacent / hypotenuse; tanθ = opposite / adjacent

From the image:

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3 years ago
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