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Yo Yatra Co. makes packages for its customers and provide you the number of packages and costs associated with the packages booked all over the
Yo Yatra Co. makes packages for its customers and provide you the number of packages | ||
and costs associated with the packages booked all over the world. | ||
Month | # of packages | Total Cost |
booked | ||
1 | 300 | $ 10,000 |
2 | 220 | $ 8,000 |
3 | 250 | $ 8,400 |
4 | 260 | $ 8,800 |
5 | 350 | $ 12,000 |
6 | 400 | $ 12,400 |
7 | 350 | $ 12,100 |
8 | 400 | $ 12,500 |
9 | 500 | $ 14,000 |
10 | 280 | $ 7,500 |
11 | 120 | $ 5,500 |
12 | 100 | $ 4,200 |
Solve by Least-squares Regression Method and find out Variable cost per package, | ||
the Fixed costs per month, and semi-variable costs per month associated with it. | ||
DO NOT SOLVE BY HIGH-LOW METHOD AND REGRESSION COEFFICIENT FORMULA | ||
THIS IS AN ACCOUNTING QUES, SO DO NOT POST IN STATISTICS |
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