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"Select the two independent variables with the strongest explanatory power, and prepare a multiple linear regression. Be sure to label the variables in your regression output."
I've run the multiple linear regression and attached it.
"Using your multiple linear regression model, predict total cost for the month if we produce 5,000 units in 25 batches, using 280 machine hours."
I've taken the intercept, added machine hours x 280 and batches x 25. The answer I got was about $6,139 but I don't know what to do with the 5,000 units.
I've run the multiple linear regression and attached it.
"Using your multiple linear regression model, predict total cost for the month if we produce 5,000 units in 25 batches, using 280 machine hours."
I've taken the intercept, added machine hours x 280 and batches x 25. The answer I got was about $6,139 but I don't know what to do with the 5,000 units.
