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PLEASE HELP ASAP! Raymond and Reena are partners in a driver's ed business, providing a much-needed service to want-to-be-drivers in their region. They have been
PLEASE HELP ASAP!
Raymond and Reena are partners in a driver's ed business, providing a much-needed service to want-to-be-drivers in their region. They have been satisfied with the profits their business has generated to date, but they'd like to have more reliable estimates for future costs. Believing that the most certain cost driver for their total costs is number of students served, they gathered the following data for the past year. Month 1 2 3 4 5 6 7 8 9 10 11 12 Number of Students Y=$ 42 49 38 45 52 55 58 51 60 63 54 56 Total Costs $12,500 X+ $ 13,000 14,200 15,000 14,800 14,600 16,200 14,700 15,200 17,000 16,400 (a2) Use the regression analysis to estimate a cost function for total monthly driver's ed costs based on number of students. (Round answers to 2 decimal places, e.g. 15.25.) 15,000 (c2) The parts of this question must be completed in order. This part will be available when you complete the part above.
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