Strategic Management relates a study in economies of scale

Last updated: 3/28/2023

Strategic Management relates a study in economies of scale in the paper industry the data is found in the following table 50 60 73 82 90 215 230 260 1 8 1 6 1 5 1 25 0 95 0 60 0 50 0 54 Here x is the weighted average machine size in tons per hour and y is the employee hours per ton A Determine the best fitting line using least squares and the square of the correlation coefficient The best fitting line is W x The square of the correlation coefficient is 2 B Is there an advantage to using a large machine Pick the correct answer The larger the machine the more the employee hours The smaller the machine the less the employee hours The larger the machine the employee hours do not change The larger the machine the less employee hours C What does this model predict the weighted average machine size will be is the employee hours per ton is 1 00 Round to the nearest ton The machine will make tans for 1 employon bour