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Larry estimates that the costs of insurance, license, and depreciation to operate his car total $475 per month and that the gas, oil, and maintenance
Larry estimates that the costs of insurance, license, and depreciation to operate his car total $475 per month and that the gas, oil, and maintenance costs are 50 cents per mile. Larry also estimates that, on average, he drives his car 2,000 miles per month. Required: a. How much cost would Larry expect to incur during April if he drove the car 1,530 miles? (Round your answer to 2 decimal places.) b. Would it be meaningful for Larry to calculate an estimated average cost per mile for a typical 2,000-mile month? multiple choice Yes No
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