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1. Active Company accumulated the following data for a delivery truck. Month Miles Driven Total Cost (RM) January 10,000 15,000 February 8,000 14,500 March 9,000
1. Active Company accumulated the following data for a delivery truck. Month Miles Driven Total Cost (RM) January 10,000 15,000 February 8,000 14,500 March 9,000 12,500 April 7,500 13,000 Required: a) Determine the equation to predict total costs for the delivery truck. b) Calculate the total costs be if 12,187 miles were driven. 2. When the Tom-Tom Companys controller was asked to budget the cost of manufacturing supplies for the next year, she plotted supplies cost and units produced by month for the year. She then drew a regression line through the point she plotted for November when the supplies cost was RM21,000 and 5,000 drum sets were produced. Required: If the regression line intersected the Y axis at RM6,000, determine the equation of the regression line
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