Anderton Corporation has provided the following production and average cost data for two levels of monthly production volume.The company produces a single product. 
The best estimate of the total monthly fixed manufacturing cost is:
Definitions:
MINITAB Output
The results or output generated from analysis conducted using the MINITAB statistical software.
Regression Analysis
A set of statistical processes for estimating the relationships among variables, often used to predict the value of a dependent variable based on the value of one or more independent variables.
Least Squares
A mathematical method used in regression analysis to find the line of best fit for a set of data by minimizing the sum of the squares of the differences between the observed values and those predicted by the model.
Coefficient Of Correlation
A statistical measure that calculates the strength and direction of a linear relationship between two variables.
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