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The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager

The materials handling manager of a manufacturing company is trying to forecast the cost of maintenance for the company's fleet of over-the-road tractors. The manager believes that the cost of maintaining the tractors increases with their age. The following data was collected:

Age (years) Yearly Maintenance Cost ($) Age (years) Yearly Maintenance Cost ($)
6.5 1,519 7.0 2,094
6.5 1,949 2.5 1,063
6.5 1,933 2.5 1,082
5.0 1,395 8.0 1,664
6.0 1,623 8.0 2,273
6.0 1,581 3.0 1,878
7.0 1,790 3.0 1,366
7.0 2,422 3.0 1,449
7.5 1,887

The linear regression forecasting shows that the line representing the relationship between the tractor age and maintenance cost is: Y=337.068+ 115.692 X, where Y=Yearly maintenance cost in dollars and X=Age in years.

If a section has 25 two-year-old tractors, what is the forecast for the annual maintenance cost?

( $ ) Enter your response here.

(Enter your response rounded to two decimal places.)

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