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You are required to calculate the variable cost per service and Fixed costs per month for a car washing centre situated in California by using
You are required to calculate the variable cost per service and Fixed costs per month | ||
for a car washing centre situated in California by using Least-Squares Regression. Data is given below | ||
Month | # of cars | Total |
washed | Cost | |
1 | 2,500 | $ 11,800 |
2 | 2,500 | $ 13,500 |
3 | 2,800 | $ 12,600 |
4 | 3,100 | $ 15,500 |
5 | 3,700 | $ 17,000 |
6 | 5,200 | $ 24,900 |
7 | 5,600 | $ 23,000 |
8 | 5,700 | $ 24,200 |
9 | 4,800 | $ 23,600 |
10 | 4,900 | $ 23,500 |
11 | 2,300 | $ 11,500 |
12 | 3,100 | $ 17,000 |
REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD |
ALL INFO IS ATTACHED WITH COSTS
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