Galarneau Inc

question 4

Essay

Galarneau Inc. maintains a call center to take orders, answer questions, and handle complaints. The costs of the call center for a number of recent months are listed below: Management believes that the cost of the call center is a mixed cost that depends on the number of calls taken.
Required:
Estimate the variable cost per call and fixed cost per month using the least-squares regression method.

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Definitions:

General Form

Typically refers to the simplest form of an equation, often represented in algebra as Ax + By + C = 0 for linear equations.

Equation

An equation is a mathematical statement consisting of two expressions set equal to each other, indicating that both expressions represent the same value.

Graph

A visual representation of data or mathematical functions, often showing relationships between variables.

Y-Intercepts

The points where a line or curve intersects the y-axis on a graph.