Monthly total production costs and the number of units produced at a local company over a period of 10 months are shown below.
Month
Production Costs (y)(in millions of $)
Units Produced (x)(in millions)
1
1
2
2
1
3
3
1
4
4
2
5
5
2
6
6
4
7
7
5
8
8
7
9
9
9
10
10
12
10
?
a.Draw a scatter diagram for the above data. b.Assume that a model in the form ofy = ?0 + ?1x2 + ?best describes the relationship between x and y. Estimate the parameters of this curvilinear regression equation.
What will be an ideal response?
| a. |  |
| b. | b0 = -.496; b1 = .10116 |
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