Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi. I have a mini project in BTM200 where i'm given the job to make a data supported decision. A fitness centre wants to expand

Hi. I have a mini project in BTM200 where i'm given the job to make a data supported decision. A fitness centre wants to expand in more countries but wants me to predict the average cost per month during the year to better predict next year's costs.

It says the cost of the equipment mantience over time needs to be determined and it's suggested to use a linear equation for the equipment maintence costs.

Im given two charts of data. One from 2016 and one from 2017 with the months, maintenance service hours and equipment maintenance costs.

I found the slope, intercept and RSQ for both data sets but i have no idea what i'm supposed to be doing ? Do i compare them? like i don't even know what i'm looking for. please help

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Social Theory An Introduction

Authors: Lisa Jack

1st Edition

1138100714, 9781138100718

More Books

Students also viewed these Accounting questions

Question

How often would a business prepare control accounts?

Answered: 1 week ago

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago