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

question 109

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 20,000 miles, the predicted cost is ____________.

• A)10,400
• B)20,000
• C)2,840
• D)6,200
• E)6,750

---

Definitions:

Natural Environment

Reflects all living and non-living things occurring naturally on Earth, which includes land, air, water, plants, and animals.

Right to Be Informed

A consumer right that entails being provided with all necessary information about a product or service to make an informed purchase decision.