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Check r Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand
Check r Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of it car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled rt 2 of 2 Month January February March April May June July August September October November December Rental Returns Car Wash Costs 2,500 2,500 2,800 3,100 3,700 5,200 5,600 5,700 4,800 4,900 2,300 3,100 11,800 13,500 12,600 15,500 $ 17,000 24,900 23,000 $ 24,200 23,600 23,500 11,500 17,000 nts eBook Print 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) Fixed cost per month Variable cost per rental return
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