Mathematics, 10.03.2020 07:37 gatorlove00
An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost 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 operation. Consider the following sample of production volumes and total cost data for a manufacturing operation.
Production Volume Total Cost
(Units) ($)
400 4,000
450 5,000
550 5,400
600 5,900
700 6,400
750 7,000
Use the data to develop an estimated regression equation that could be used to predict the total cost for a given production volume.
what is the variable cost per unit produced
compute the coefficient of determination what percentage of the variation in total cost can be explained by production volume
the companys production schedule shows 500 units must be produced next month what is the estimated total cost of this operation.
Answers: 2
Mathematics, 21.06.2019 21:00
Find the perimeter of the triangle with vertices d(3, 4), e(8, 7), and f(5, 9). do not round before calculating the perimeter. after calculating the perimeter, round your answer to the nearest tenth.
Answers: 1
Mathematics, 21.06.2019 23:00
Perry observes the opposite parallel walls of a room in how many lines do the plains containing the walls intersect
Answers: 1
Mathematics, 21.06.2019 23:30
Zach spent 2/3 hour reading on friday a 11/3 hlurs reading on saturday. how much more time did he read on saturday tha on friday
Answers: 1
An important application of regression analysis in accounting is in the estimation of cost. By colle...
Mathematics, 04.10.2021 02:30
Computers and Technology, 04.10.2021 02:30
Mathematics, 04.10.2021 02:30
SAT, 04.10.2021 02:30
English, 04.10.2021 02:30
Mathematics, 04.10.2021 02:30
Mathematics, 04.10.2021 02:30
Spanish, 04.10.2021 02:30
Mathematics, 04.10.2021 02:30
Mathematics, 04.10.2021 02:30
English, 04.10.2021 02:40
Social Studies, 04.10.2021 02:40
Mathematics, 04.10.2021 02:40
Engineering, 04.10.2021 02:40