Nas corporation's manager in the stamping department have been studying the overhead cost and the relatioship machine hours. Data from the most recent 12 months Month Overhead Machine hours January 5,030 2,730 February 1,600 600 March 7,210 3,403 April 4,560 2,200 May 6,880 3,411 June 6,520 2,586 July 6,230 3,364 August 5,570 2,411 September 7,728 3,960 October 5,810 2,897 November 4,580 2,207 December 6,010 2,864 The manager of the department has requested a regression analysis of these two variables. The staff person performing the analysis decided to exclude February. She observed the volume of activity was very low for that month because of two factors: A severe flue outbreak and an electrical fire that disrupted operations for about 10 working days. Using the least square (regression) analysis, compute the fixed cost.

Nas corporation's manager in the stamping department have been studying the overhead cost and the relatioship machine hours. Data from the most recent 12 months Month Overhead Machine hours January 5,030 2,730 February 1,600 600 March 7,210 3,403 April 4,560 2,200 May 6,880 3,411 June 6,520 2,586 July 6,230 3,364 August 5,570 2,411 September 7,728 3,960 October 5,810 2,897 November 4,580 2,207 December 6,010 2,864 The manager of the department has requested a regression analysis of these two variables. The staff person performing the analysis decided to exclude February. She observed the volume of activity was very low for that month because of two factors: A severe flue outbreak and an electrical fire that disrupted operations for about 10 working days. Using the least square (regression) analysis, compute the fixed cost.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.6: Rational Functions

Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.

See similar textbooks