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Below Are Cost and Activity Data for a Particular Cost

question 3

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.
Required:
Using the least-squares regression method,estimate the cost formula for this cost.
 Activity  Cost  Period 1 ..... 47$357 Period 2 ..... 46$351 Period 3 ..... 43$334 Period 4.44$340\begin{array} { l c c } & \text { Activity } & \text { Cost } \\\text { Period 1 ..... } & 47 & \$ 357 \\\text { Period 2 ..... } & 46 & \$ 351 \\\text { Period 3 ..... } & 43 & \$ 334 \\\text { Period } 4 \ldots \ldots . & 44 & \$ 340\end{array}

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Definitions:

Customer Table

A database table that stores information about customers, including details such as names, addresses, and purchase history.

Validation Rule

A set of conditions or rules that data must meet to be accepted by a system or application, often used in databases and form inputs to ensure data integrity.

Customer Type Field

A designated area in a database or application form where the category or type of customer is specified.

Update Query

A command in database systems used to modify existing data within one or more tables.

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