Figure 3-6 The following information is available for maintenance costs:

-Refer to Figure 3-6.Using a computer or calculator, compute the estimate of maintenance costs at 100 units of production using the method of least squares.This value would be
A) $291.
B) $321.
C) $336.
D) $698.

Question

Figure 3-6 The following information is available for maintenance costs:
 
-Refer to Figure 3-6.Using a computer or calculator, compute the estimate of maintenance costs at 100 units of production using the method of least squares.This value would be
A) $291. 
B) $321. 
C) $336. 
D) $698.

Quizplus · Accepted Answer

The method of least squares estimates the maintenance costs at 100 units of production to be $291.

Figure 3-6 the Following Information Is Available for Maintenance Costs