A manager wishes to predict the annual cost (y)of an automobile based on the number of kilometres (x)driven.The following model was developed: y = 1,550 + 0.36x.If a car is driven 30,000 kilometres, the predicted cost is ___.
A)10,800
B)12,350
C)2,630
D)9,250
E)10,250

Question

Quizplus · Accepted Answer

The predicted cost is calculated by substituting x = 30,000 into the equation: y = 1,550 + 0.36(30,000) = 1,550 + 10,800 = 12,350.

A Manager Wishes to Predict the Annual Cost (Y)of an Automobile