The results of the regression analysis to estimate the operation costs of the polishing machine ('polishing cost per month') are as follows:
Interpret the above regression output, and construct a regression equation to describe the relationship between polishing costs per month and number of batches. Explain how confident you are with the cost equation in estimating future polishing costs.

Question

The results of the regression analysis to estimate the operation costs of the polishing machine ('polishing cost per month') are as follows:  
Interpret the above regression output, and construct a regression equation to describe the relationship between polishing costs per month and number of batches. Explain how confident you are with the cost equation in estimating future polishing costs.

Quizplus · Accepted Answer

The Answer of The results of the regression analysis to estimate the operation costs of the polishing machine ('polishing cost per month') are as follows:  
Interpret the above regression output, and construct a regression equation to describe the relationship between polishing costs per month and number of batches. Explain how confident you are with the cost equation in estimating future polishing costs.

The Results of the Regression Analysis to Estimate the Operation