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BusyBee Cleaning Co . is evaluating its costs to clean a standard office. The controller has done a linear regression of the hours spent cleaning
BusyBee Cleaning Co is evaluating its costs to clean a standard office. The controller has done a linear regression of the hours spent cleaning various offices and the total costs labor supplies, transportation for each office cleaned. The regression analysis yielded the following information.
$$
total cost to clean an office
hours spent cleaning an office
What is the best description of the costs of cleaning an office based on this regression analysis?
Source: Retired ICMA CMA Exam Questions.
There is $ of fixed costs and $ of variable costs per hour to clean an office.
The cost is $ per hour to clean an office.
There is $ of variable costs per hour and $ of fixed costs to clean an office.
The cost is $ per hour to clean an office.
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