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Exercise 5 A - 2 ( Algo ) Least - Squares Regression [ LO 5 - 1 1 ] Skip to question [ The following

Exercise 5A-2(Algo) Least-Squares Regression [LO5-11]
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Bargain Rental Car wants to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility that cleans each rental car before releasing it to another customer. Management believes the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled:
Month Rental Returns Car Wash Costs
January 2,400 $ 10,700
February 2,500 $ 13,000
March 2,700 $ 11,500
April 3,000 $ 13,800
May 3,600 $ 15,900
June 5,000 $ 22,700
July 5,500 $ 21,900
August 5,400 $ 21,400
September 4,700 $ 22,500
October 3,900 $ 20,200
November 2,200 $ 10,400
December 2,700 $ 13,200

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