Scatter plot and trend line
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Manchester Foundry produced 45,000 tons of steel in March at a cost of 1,150,000. In April, the foundry produced 35,000 tons at a cost of 950,000. Using only these two data points, determine the cost functions for Manchester.B) Use Excel's "scatterplot" graphing function to plot the two points and the "trendline" option to determine the equation of interest. Would the answers match up if done manually? C) You obtain new data, 30,000 tons and a cost of 600,000. How do those values match the equation if done by hand? Put the point into an excel spreadsheet and create the scatter plot and trendline. Describe the output.
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Solution Summary
Excel file shows scatter plot graphing function to plot the two points and the "trend line" option to determine the equation of interest.
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