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A summary of total charges from a small cafs natural gas bills is provided below: Month kJ Cost October 14 $187 November 17 187 December
A summary of total charges from a small cafs natural gas bills is provided below:
Month | kJ | Cost |
October | 14 | $187 |
November | 17 | 187 |
December | 30 | 230 |
January | 35 | 264 |
February | 33 | 270 |
March | 20 | 200 |
Using regression analysis, the fixed cost component (rounded to the nearest dollar) is
Question 4Answer
a.
$120
b.
$122
c.
$125
d.
$4
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