Open spreadsheet a. Compute b, and bo (to 1 decimal). b1 1246.7 bo 7.6 Complete the estimated regression equation (to 1 decimal). ý = b. According to this model, what is the change in cost (in...

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Extracted text: Open spreadsheet a. Compute b, and bo (to 1 decimal). b1 1246.7 bo 7.6 Complete the estimated regression equation (to 1 decimal). ý = b. According to this model, what is the change in cost (in dollars) for every unit produced (to 1 decimal)? c. Compute the coefficient of determination (to 3 decimals). Note: report r2 between 0 and 1. 12 = What percentage of the variation in total cost can be explained by the production volume (to 1 decimal)? % d. The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number)? $


Extracted text: Production Volume (units) Total Cost ($) 400 4500 450 5500 550 5900 600 6400 700 6900 750 7500 Production Target Est. Cost ($) 500