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The controller of the Trunk Company wants you to estimate a cost function from the following two observations in a general ledger account called Maintenance:
The controller of the Trunk Company wants you to estimate a cost function from the following two observations in a general ledger account called Maintenance:
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Estimate the cost function for maintenance.
Can the constant in the cost function be used as an estimate of fixed maintenance cost per month? Explain.
Requirement Estimate the cost function for maintenance. Round your answers to the nearest cent as needed.
Maintenance costs
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