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Bargain Booksellers sold 40,000 books in April and 65,000 books in December. Shipping costs for the two months were $150,000 and $200,000, respectively. Using these
Bargain Booksellers sold 40,000 books in April and 65,000 books in December. Shipping costs for the two months were $150,000 and $200,000, respectively. Using these two months' data, the shipping cost function is best estimated as
(a)
($2.00 number of books sold) + $70,000
(b)
($0.50 number of books sold) + $167,500
(c)
($3.33 number of books sold)
(d)
($2.00 number of books sold) + $50,000
Showing work will be greatly appreciated, thanks
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