The following cost formula was developed using monthly data for Montreal Clothing Store.Total cost = $75,620 + ($242 × number of customers)
-Refer to the Figure.What does "number of customers" represent?
A)the independent variable
B)the dependant variable
C)the intercept
D)the variable rate

Question

Quizplus · Accepted Answer

The "number of customers" represents the independent variable because it is the variable that influences the total cost, making the total cost dependent on it.

The Following Cost Formula Was Developed Using Monthly Data for Montreal