Required information Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11] George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: 10 12 Y- 11 Total Etching Cast $ 27 20 31 20 24 30 $ 152 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 2 (Algo) 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y= a +bX Reg 20 Complete this question by entering your answers in the tabs below. Reg 2A Express these estimates in the form Y= a + bx. (Round your answers to 2 decimal places.) < Req ZA Reg 28 >
Required information Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11] George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: 10 12 Y- 11 Total Etching Cast $ 27 20 31 20 24 30 $ 152 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 2 (Algo) 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y= a +bX Reg 20 Complete this question by entering your answers in the tabs below. Reg 2A Express these estimates in the form Y= a + bx. (Round your answers to 2 decimal places.) < Req ZA Reg 28 >
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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![Required information
Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11]
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the
company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs
as follows over the last six weeks:
Mook
1
2
3
Y-
Units
10
12
6
B
11
Req 2A
Total Etching
Cast
$ 27
20
31
20
24
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week.
Exercise 5A-5 Part 2 (Algo)
2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week.
2-b. Express these estimates in the form Y= a + bX
30
$ 152
Complete this question by entering your answers in the tabs below.
Req 20
Express these estimates in the form Y = a + bx. (Round your answers to 2 decimal places.)
< Req ZA
Req 28 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7dd3d7e-f2d9-4371-83d2-2aa0c470150f%2F5cce02ff-30d1-46f1-92c9-2b1d8ecc50d1%2Fhplinc_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11]
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the
company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs
as follows over the last six weeks:
Mook
1
2
3
Y-
Units
10
12
6
B
11
Req 2A
Total Etching
Cast
$ 27
20
31
20
24
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week.
Exercise 5A-5 Part 2 (Algo)
2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week.
2-b. Express these estimates in the form Y= a + bX
30
$ 152
Complete this question by entering your answers in the tabs below.
Req 20
Express these estimates in the form Y = a + bx. (Round your answers to 2 decimal places.)
< Req ZA
Req 28 >
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