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Production costs for the large number of previous orders of varying sizes for product are in file production.xls. An analyst evaluates the production cost per unit in each order and averages these to get $50. Using this he gives the cost estimate of $21,000 for new order for 500 units. is this the reasonable cost estimate? Describe why or why not looking at the data in file, can you give the better cost estimate?

Order size units Cost($)
983 51275
798 40808
527 38195
1049 49989
780 37299
831 55707
857 13168
1316 58135
1737 76111
1511 65020

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