Problem 3-44

Name:

Solution

Fill in the correct data  in columns C and F and run a regression in Excel.

Excel may have different answers than the solution manual due to the

precision of Excel. The word “wrong” will appear if your input is

incorrect, except for the cost formulas because formats may vary.

a.

Number of Charters

Labor Costs

Number of Charters

Y = a + bX

b.

Gross Receipts

Labor Costs

Gross Receipts

Y = a + bX

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