Question
Required information Skip to question [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance
Required information
Skip to question
[The following information applies to the questions displayed below.]
Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the departments cost records, Professor Morton has found the following total cost associated with Finance 101 over the last five terms:
Term | Number of Sections Offered | Total Cost |
---|---|---|
Fall, last year | 4 | $ 13,000 |
Winter, last year | 3 | $ 7,500 |
Summer, last year | 7 | $ 13,500 |
Fall, this year | 5 | $ 10,000 |
Winter, this year | 2 | $ 6,500 |
Professor Morton knows that there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes.
Required:
1. Prepare a scattergraph plot. (Plot total cost on the vertical axis and number of sections offered on the horizontal axis.)
Instructions:
1. On the graph below, use the point tool (Fall last year) to plot number of sections offered on the horizontal axis and total cost on the vertical axis.
2. Repeat the same process for the plotter tools (winter last year to winter this year).
3. To enter exact coordinates, click on the point and enter the values of x and y.
4. To remove a point from the graph, click on the point and select delete option.
Total Cost Tools Fall last year Winter last yei Summer last ) Fall this year Winter this ye: Number of Sections Offered
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