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

question 43

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 30,000 miles, the predicted cost is _____________.

• A)10,400
• B)14,600
• C)2,000
• D)32,000
• E)10,250

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Definitions:

Craft Unionism

Union organization based on particular trades or crafts, focusing on the skills and interests of those professions.

Industrial Unionism

A labor union organizing method whereby all workers in the same industry are organized into the same union, regardless of skill or trade.

United States

A country located primarily in North America, known for its significant influence on global politics, economy, and culture.

Industrial Workers of the World

An international labor union founded in 1905, known for its radical approach to worker's rights and socialism.