Question
The Fairmont Machine Shop wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Month Cost of
The Fairmont Machine Shop wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data:
Month | Cost of Electricity (Y) | Direct Labor-Hours (X) |
January | $14,000 | 1,500 |
July | $17,000 | 2,000 |
What would be the best equation using the high-low method?
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General Concepts In Integrated Pest And Disease Management
Authors: A. Ciancio, K.G. Mukerji
1st Edition
1402060602, 978-1402060601
