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Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 12-3 Thomas estimates that the costs of insurance, license, and depreciation to operate his car
Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 12-3 Thomas estimates that the costs of insurance, license, and depreciation to operate his car total $465 per month and that the gas, oil. and maintenance costs are 49 cents per mile. Thomas also estimates that, on average, he drives his car 2,000 miles per month. Required: a. How much cost would Thomas expect to incur during September if he drove the car 1,521 miles? Note: Round your answer to 2 decimal places. b. Would it be meaningful for Thomas to calculate an estimated average cost per mile for a typical 2,000-mile month? a. Total cost b. Would it be meaningful
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