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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
21 Oct 2021

Given information

Let denote the number of chairs produced in one day and the associated cost of production.

 

The two points given to construct the linear model are, .

Step-by-step explanation

Step 1.

The formula for the straight line is,

 

 

Plugging in the values,

 

Hence, 

 

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