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Supply costs at Little Corporation's chain of gyms are listed below: Client - Visits Supply Cost March 11,647 $28,561 April 11,443 28,395 May 11,975 28,819
Supply costs at Little Corporation's chain of gyms are listed below:
Client - Visits | Supply Cost | |
March | 11,647 | $28,561 |
April | 11,443 | 28,395 |
May | 11,975 | 28,819 |
June | 12,088 | 28,892 |
July | 11,707 | 28,622 |
August | 11,193 | 28,221 |
September | 11,987 | 28,820 |
October | 11,678 | 28,578 |
November | 11,826 | 28,703 |
Management believes that supply cost is a mixed cost that depends on client - visits. Using simple regression analysis( it is simple, rather than multiple, because there is only one independent variable), estimate the variable and fixed components of this cost.
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