Usufructuary rents kayaks and canoes for use on the local lake. The manager, Uriel Angel wants to estimate next month's office costs. She has the following information Month February March April Boats Rented Transactions Processed Total Office Costs 30 28 $1,150 40 36 1,730 50 43 2,010 May 60 50 2,050 June 120 82 V 110 80 125 July August September October 3,040 3,020 3,030 2,330 78 75 65 60 55 2,210 Required: 1. Using the High-Low method create a total cost equation using based on number of boats rented. If Usufructuary is expected to rent 48 boats in November, what total office costs do you predict? 2. Using the High-Low method create a total cost equation using based on number of HorribleSubs - So b... DOUBLE DEGREE.... FL Hor 2. Using the High-Low method create a total cost equation using based on number of transactions. If Usufructuary is expected to have 45 transactions in November, what total office costs do you predict? 3. Uriel ran a regression and got the following results for three models. Comment on the comparative strength of the three models. Which one would you use? Why? What costs do you predict for November? Boats Transactions Both Model R Square Adjusted R square .930 .960 .964 .920 .955 .951 F 93 169 79 948.21 Intercept P value 396.08 509.23 .0004 .0337 .0624 x 18.15 33.27 4.39 P value .0001 .0001 4957 X-2 25.58 P value .0580 Editor HTML IC A-I E a * , 3 = ELE 3 Usufructuary rents kayaks and canoes for use on the local lake. The manager, Uriel Angel wants to estimate next month's office costs. She has the following information Month February March April Boats Rented Transactions Processed Total Office Costs 30 28 $1,150 40 36 1,730 50 43 2,010 May 60 50 2,050 June 120 82 V 110 80 125 July August September October 3,040 3,020 3,030 2,330 78 75 65 60 55 2,210 Required: 1. Using the High-Low method create a total cost equation using based on number of boats rented. If Usufructuary is expected to rent 48 boats in November, what total office costs do you predict? 2. Using the High-Low method create a total cost equation using based on number of HorribleSubs - So b... DOUBLE DEGREE.... FL Hor 2. Using the High-Low method create a total cost equation using based on number of transactions. If Usufructuary is expected to have 45 transactions in November, what total office costs do you predict? 3. Uriel ran a regression and got the following results for three models. Comment on the comparative strength of the three models. Which one would you use? Why? What costs do you predict for November? Boats Transactions Both Model R Square Adjusted R square .930 .960 .964 .920 .955 .951 F 93 169 79 948.21 Intercept P value 396.08 509.23 .0004 .0337 .0624 x 18.15 33.27 4.39 P value .0001 .0001 4957 X-2 25.58 P value .0580 Editor HTML IC A-I E a * , 3 = ELE 3