The following information is available for maintenance costs:
$$\begin{array} { l c c }
\text { Month } & \text { Production Volume } & \text { Maintenance Costs } \
\hline\text { January } & 75 & \$ 250 \
\text { February } & 115 & 310 \
\text { March } & 190 & 400 \
\text { April } & 60 & 240 \
\text { May } & 135 & 355
\end{array}$$
-Refer to the figure.Using the method of least squares,what would the fixed portion of maintenance costs be (rounded to dollars)?
A)$66
B)$160
C)$166
D)$575

Question

The following information is available for maintenance costs:
$$\begin{array} { l c c } 
\text { Month } & \text { Production Volume } & \text { Maintenance Costs } \
\hline\text { January } & 75 & \$ 250 \
\text { February } & 115 & 310 \
\text { March } & 190 & 400 \
\text { April } & 60 & 240 \
\text { May } & 135 & 355
\end{array}$$
-Refer to the figure.Using the method of least squares,what would the fixed portion of maintenance costs be (rounded to dollars)?
A)$66
B)$160
C)$166
D)$575

Quizplus · Accepted Answer

The Answer of The following information is available for maintenance costs:
$$\begin{array} { l c c } 
\text { Month } & \text { Production Volume } & \text { Maintenance Costs } \
\hline\text { January } & 75 & \$ 250 \
\text { February } & 115 & 310 \
\text { March } & 190 & 400 \
\text { April } & 60 & 240 \
\text { May } & 135 & 355
\end{array}$$
-Refer to the figure.Using the method of least squares,what would the fixed portion of maintenance costs be (rounded to dollars)?
A)$66
B)$160
C)$166
D)$575

The Following Information Is Available for Maintenance Costs -Refer to the Figure