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You are involved in an analysis of the relationship between the cost of chemicals used in a manufacturing process and the volume of production. You have collected the following production usage data over the last five years and adjusted it for the effects of inflation:
Table 3.8-Production Usage Data
Production Units Chemical Costs
4 $800
15 $1,200
20 $1,400
30 $1,800
50 $2,000
1. Estimate the cost to produce 26 units. (Hint: Use the regression template.)
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