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Hook Company Wants to Develop a Cost Estimating Equation for Its

Question 22

Multiple Choice

Hook Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Hook Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Using the high-low method, which of the following is the best equation? A) Y = £900 + £12.00X B) Y = £900 + £8.40X C) Y = £1,800 + £8.40X D) Y = £2,400 + £8.40X Using the high-low method, which of the following is the best equation?


A) Y = £900 + £12.00X
B) Y = £900 + £8.40X
C) Y = £1,800 + £8.40X
D) Y = £2,400 + £8.40X

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