Ian’s Pizza wants to predict its monthly costs based on prod…
Ian’s Pizza wants to predict its monthly costs based on production volume of their famous mac & cheese slices. The company has collected data on costs and units produced for the past 6 months. Based upon the regression analysis, the average fixed costs are estimated to be $30,000, and variable costs per unit are $0.83. Using regression analysis, predict the cost for a month when 15,000 slices of pizza are produced.