The table below shows the cost in dollars for portable

Reference no: EM13604275

The table below shows the cost, in dollars, for portable electric generators, rated in watts. Assume the cost of these generators follow a Power Law CER and determine step by step the cost of a new 25000 Watt generator. (Hint: use the 8000 W generator as the reference size and perform a linear regression using the Qa/Qr independent variable.

Size: 8000, 10000, 14000, 17000, 20000.
Cost: 2150, 2670, 3200, 3730, 4270.

Reference no: EM13604275

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