On a scattergraph,you must "fit" a line to the plotted points.Once the line is drawn,
A)calculate the fixed and variable costs using basic algebra.
B)you must use a statistical technique to identify the fixed and variable costs.
C)you must choose more than one point to calculate the fixed and variable costs.
D)use regression analysis to calculate the fixed and variable components of the total cost.

Question

Quizplus · Accepted Answer

The scattergraph method involves drawing a line of best fit and then using basic algebra to calculate the fixed and variable costs by selecting two points on the line.

On a Scattergraph,you Must "Fit" a Line to the Plotted