Least Squaes Regression  Below is the production cost of Company B. In the future the company management intends to produce the following number of units: A. 56,500 B. 75,000 Determine the Total Cost of producing A and B based on the historical data below.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Least Squaes Regression 

Below is the production cost of Company B. In the future the company management intends to produce the following number of units:

A. 56,500

B. 75,000

Determine the Total Cost of producing A and B based on the historical data below.

 

TC
1000 16800
3000 20000
4500 24800
6500 29000
9000 35000
11500 43000
|13500 47300
16000 54900
20000 61000
23000 6650O
|25000 73500
Transcribed Image Text:TC 1000 16800 3000 20000 4500 24800 6500 29000 9000 35000 11500 43000 |13500 47300 16000 54900 20000 61000 23000 6650O |25000 73500
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