Question
Figure 3-6 The Stanford Company incurred the following maintenance cost during a five month period: Month Production Volume Maintenance Costs June 75 $250 July 115
Figure 3-6 The Stanford Company incurred the following maintenance cost during a five month period:
Month Production Volume Maintenance Costs
June 75 $250
July 115 310
August 190 400
September 60 240
October 135 355
Refer to Figure 3-6. Using a computer or calculator, compute the estimate of the fixed portion of maintenance costs using the method of least squares. Rounded to dollars, this value would be:
a. $575
b. $166
c. $160
d. $66
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Essentials Of Crm
Authors: Bryan Bergeron
1st Edition
0471206032, 978-0471206033
