Question
High-Low Cost Estimation Assume the local YRC Worldwilde delivery service hub has the following information available about fleet miles and operating costs: Year Miles Operating
High-Low Cost Estimation Assume the local YRC Worldwilde delivery service hub has the following information available about fleet miles and operating costs:
| Year | Miles | Operating Costs |
|---|---|---|
| 2017 | 556,000 | $175,600 |
| 2018 | 684,000 | 214,000 |
Use the high-low method to develop a cost-estimating equation for total annual operating costs. (Let X = annual fleet miles.) Total annual costs = Answer + Answer * X
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Mathematics Of Finance An Intuitive Introduction
Authors: Donald G. Saari
1st Edition
3030254429, 978-3030254421
