Question
Month Machine Hours Electricity Costs January 2,000 $18,900 February 2,400 21,500 March 1,400 14,000 April 2,600 23,500 May 3,300 28,750 June 3,300 22,700 July 3,600
Month Machine Hours Electricity Costs
January 2,000 $18,900
February 2,400 21,500
March 1,400 14,000
April 2,600 23,500
May 3,300 28,750
June 3,300 22,700
July 3,600 25,250
August 3,000 23,250
September 1,500 16,000
October 3,300 26,500
November 4,200 31,500
December 4,200 22,2501.
Using the high-low method, develop a cost function for monthly electricity costs.
2. Estimate electricity costs for a month in which 1,300 machine hours are worked.
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Sound Investing, Chapter 8 - Revenue Hoaxes
Authors: Kate Mooney
3rd Edition
007171930X, 9780071719308
