MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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In the packaging department of a large aircraft parts​ distributor, a fairly reliable estimate of packaging and processing costs can be determined by knowing the weight of an order.​ Thus, the weight is a cost driver that accounts for a sizable fraction of the packaging and processing costs at this company. Data for the past 10 orders are given as​ follows:
a. Estimate the b0 and b1 ​coefficients, and determine the linear regression equation to fit these data.
b. What is the correlation coefficient (R​)?
c. If an order weighs 205 lb, how much should it cost to package and process​ it? 
             
Packaging and Processing Cost​ ($), y
Weight​ (Pounds), x
99
240
111
275
86
210
85
185
121
315
114
300
111
285
100
270
109
275
85
200
 
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