Scatter plot
Units | Dollars | |
High | 3000 | 20000 |
Low | 1000 | 7700 |
Difference | 2000 | 12300 |
The regression equation is
Operating cost = 1399 + 6.339 Bottles sold
Slope = 6.339
Intercept = 1399
With 0 bottles sold, operating cost = 1399
Fixed Cost | Variable cost | Cost/Bottle | |
January | 1399 | 6601 | 6.60 |
February | 1399 | 6301 | 5.73 |
March | 1399 | 8501 | 6.54 |
April | 1399 | 12601 | 6.30 |
May | 1399 | 15851 | 6.60 |
June | 1399 | 18601 | 6.20 |
High | Low | |
Units | 3000 | 1000 |
Total Cost | 20000 | 7700 |
Total Variable | 18601 | 6301 |
Total fixed | 1399 | 1399 |
5 Lab Problem PB5-1, page 238 the following step Enter formulas or descriptions in these fields T...