Production Volume (units) Total Cost ($) 400 4200 450 5200 550 5600 600 6100 700 6600 750 7200 Compute b 1 and b 0 (to 1 decimal). b 1 b 0 Complete the estimated regression equation (to 1 decimal). =...

Computeb
₁ andb
₀ (to 1 decimal).

b
₁

b
₀

Complete the estimated regression equation (to 1 decimal).

=  +x

According to this model, what is the change in cost (in dollars) for every unit produced (to 1 decimal)?

Compute the coefficient of determination (to 3 decimals). Note: reportr
² between 0 and 1.

r
² =

What percentage of the variation in total cost can be explained by the production volume (to 1 decimal)?

%

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)?