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The Illinois Tools Machine Shop Wants to Develop a Cost

Question 52

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The Illinois Tools Machine Shop wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data:
The Illinois Tools Machine Shop wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: What would be the best equation using the high-low method? A) Y = $2,000 + $4X B) Y = $2,500 + $6X C) Y = $1,500 + $8X D) Y = $500 + $6X What would be the best equation using the high-low method?


A) Y = $2,000 + $4X
B) Y = $2,500 + $6X
C) Y = $1,500 + $8X
D) Y = $500 + $6X

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