The total cost y of printing x copies of a booklet is known for 4 lot sizes as follows:
Express the total cost as a sum of fixed cost and an additional cost per booklet printed. (use the method of Least Squares)
Can you help me with this problem, please?
Code:
,--------------,------,------,------,------,
| x (booklets) | 700 | 2700 | 3700 | 4400 |
|--------------|------|------|------|------|
| y (dollars) | 2700 | 4100 | 5000 | 5800 |
'--------------'------'------'------'------'
Express the total cost as a sum of fixed cost and an additional cost per booklet printed. (use the method of Least Squares)
Can you help me with this problem, please?