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You have been hired by the Purple Penguins, which is a women's soccer team. The Penguins are popular with area businesses. Prior to COVID, much
You have been hired by the Purple Penguins, which is a women's soccer team. The Penguins are popular with area businesses. Prior to COVID, much of their revenue came from renting luxury suites called "Penalty Boxes." The team estimates the following weekly costs for "Penalty Boxes" rentals: Week Boxes Rented Costs 1 11 $18,500 2 25 $30,500 3 10 $23,000 4 12 $25,000 5 15 $29,000 3 pts Question 8 Using the least squared regression method answer the following question Based upon your calculations for the weekly variable cost per box, what would you expect total variable costs to be with 14 boxes rented? (Round to the nearest penny. Your answer should be in the from $99.99 Question 9 3 pts Using the least squared regression method answer the following question Based upon your calculations above, what would you expect weekly total costs to be with 14 boxes rented? (Round to the nearest penny. Your answer should be in the from $99.99)
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