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Your Boss Would Like You to Estimate the Fixed and Variable

Question 3

Multiple Choice

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. 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 = $75.89 + $1.02X B) Y = $72.64 + $2.13X C) Y = $ 0.00 + $5.04X D) Y = $75.50 + $2.02X Using the least-squares regression method, what is the cost formula for this cost?


A) Y = $75.89 + $1.02X
B) Y = $72.64 + $2.13X
C) Y = $ 0.00 + $5.04X
D) Y = $75.50 + $2.02X

Correct Answer:

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