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

question 78

Multiple Choice

A manager wishes to predict the annual cost (y) of an automobile based on the number of miles (x) driven.The following model was developed: ŷ = 2,000 + 0.42x.If a car is driven 15,000 miles, the predicted cost is ____________.

• A)2,090
• B)17,000
• C)8,400
• D)8,300
• E)6,300

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Definitions:

Federal Law

Legislation enacted by the national government of a country, which has precedence over state laws in areas specifically delegated to the national authority.

Disclose

To make known or public; revealing information that was previously secret or unknown.

Pay

Compensation given by an employer to an employee for services rendered.

Checks

Financial instruments issued against a bank account, allowing the person named to withdraw a specific amount of money from the account.