Question
Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods
Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below.
| Activity | Cost | |
| Period 1 | 30 | $384 |
| Period 2 | 29 | $373 |
| Period 3 | 26 | $354 |
| Period 4 | 31 | $398 |
Using the least-squares regression method, what is the cost formula for this cost?
Y=$0.00+$15.58x
Y=$124.92+8.77x
Y=132.82+843x
Y=138.25+5.67x
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Portfolio Of Marketing Audits Company Self Assessment Audits
Authors: David Crosby
1st Edition
1902433157, 978-1902433158
