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. Using the least-squares regression method,what is the cost formula for this cost?
A)Y = $156.64 + $9.20X
B)Y = $0.00 + $16.01X
C)Y = $164.54 + $8.86X
D)Y = $169.97 + $6.10X

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 appear below.  Using the least-squares regression method,what is the cost formula for this cost?
A)Y = $156.64 + $9.20X 
B)Y = $0.00 + $16.01X 
C)Y = $164.54 + $8.86X 
D)Y = $169.97 + $6.10X

Quizplus · Accepted Answer

The Answer of 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.  Using the least-squares regression method,what is the cost formula for this cost?
A)Y = $156.64 + $9.20X 
B)Y = $0.00 + $16.01X 
C)Y = $164.54 + $8.86X 
D)Y = $169.97 + $6.10X

Your Boss Would Like You to Estimate the Fixed and Variable