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! Required information [The following information applies to the questions displayed below.] Bargain Rental Car offers rental cars in an off-airport location near a major
! Required information [The following information applies to the questions displayed below.] Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of it car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer Management believes that the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled: Month Rental Returns Car Wash Costs 2,500 12,100 13,700 12,900 15,900 $17,300 $ 25,500 $ 23,300 $ 24,900 January February March 2,600 2,800 3,200 3,700 April ay 5,300 5,600 June July August September October 5,800 4,800 5,200 2,300 3,200 23,900 24,400 11,800 $ 18,100 November December 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. What is the R2 rounded to the nearest whole percentage? (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) Fixed cost per month Variable cost per rental return R-square
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