Answer
The graph is drawn below which is made on excel .Using the add trendline feature the equation linear ,quadratic ,cubic can be estimated .
Folowing is the lienar trend with equation written on it
Folowing is the Quadratic trend with equation written on it
Folowing is the cubicr trend with equation written on it
We can see that cubic equation satisifed it as R square value is near one .This is the best estimating equation of the data given .
Have a good day !
1. estimate a linear cost function 2. estimate a quadratic cost function 3. estimate a cubric...
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