The Following Regression Analysis Output Is for Watson Company's Cost

question 29

Essay

The following regression analysis output is for Watson Company's cost of paying sales people salary plus commission as a percent of sales on a monthly basis:

a.Use the regression output above to develop the cost equation Y = f + vX.
b.What would be Watson's estimated costs if it had sales of $2,000,000 next month?
c.What concerns would you have if Watson's CEO wanted you to compute estimated costs based on $8,000,000 sales for next month,when sales amounts have never exceeded $3,000,000?

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