Below Are Cost and Activity Data for a Particular Cost

question 32

Essay

Below are cost and activity data for a particular cost over the last four periods.Your boss has asked you to analyze this cost so that management will have a better understanding of how this cost changes in response to changes in activity.
$\begin{array}{|l|r|r|}\hline & \text { Activity } & \text { Cost } \\\hline \text { Period 1 } & 44 & 277 \\\hline \text { Period 2 } & 42 & 265 \\\hline \text { Period 3 } & 48 & 284 \\\hline \text { Period 4 } & 49 & 284 \\\hline\end{array}$
Required:
Using the least-squares regression method and the equations for a and b,estimate the cost formula for this cost.

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Definitions:

Attitude Measurement

The process of using specific techniques and tools to determine the intensity and direction of an individual's attitude towards a subject or object.

Emotional Dissonance

A condition where there is a discrepancy between the emotions one feels and the emotions one displays, often leading to stress.

Self-Esteem

Refers to an individual's sense of their own worth or value.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through communication.