Figure 23-2
the Following Information Is Available for Maintenance Costs

question 2

Essay

Figure 23-2
The following information is available for maintenance costs: $$\begin{array} { l c c } \text { Month } & \text { Production Volume } & \text { Maintenance Costs } \\\text { January } & 75 & £ 250 \\\text { February } & 115 & 310 \\\text { March } & 190 & 400 \\\text { April } & 60 & 240 \\\text { May } & 135 & 355\end{array}$$
-Refer to Figure 23.2 in the above question. Using a computer or calculator, compute the estimate of maintenance costs at 100 units of production using the method of least squares. This value would be
a.£291.
b.£321.
c.£336.
d.£698.

---

Definitions:

Technical Skills

Technical skills are the abilities and knowledge needed to perform specific tasks, often related to information technology, engineering, science, or other specialized fields.

Engineers

Professionals who apply scientific knowledge, mathematics, and ingenuity to develop solutions for technical, societal, and commercial problems.

Business Messages

Communication conveyed through various formats, such as emails, memos, and reports, within a professional setting.

Effective

Achieving a desired goal or result in an efficient and impactful manner.