The Following Data Has Been Assembled for Hippy Company The Cost Function Is Stated as _____

question 63

Multiple Choice

The following data has been assembled for Hippy Company.Use the high-low method. $$\begin{array}{l}\text { Cost }& \text { Hours } \\\$ 24,400 & 2,000 \\37,000 & 2,300 \\34,280 & 2,850 \\36,400 & 3,600 \\44,160 & 3,900\end{array}$$ The cost function is stated as _____.

• A)Y = $26,672 + $1.84X
• B)Y = $21,360 + $1.52X
• C)Y = $10,112 + $8.64X
• D)Y = $3,600 + $10.40X

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Definitions:

Authority Rule

The formal or legal right given to an individual or group to make decisions, pass judgments, and enforce obedience.

Minority Rule

A situation where a smaller part of a population, or a minority, holds disproportionate power or influence over decision-making processes.

Consensus

A general agreement among members of a group or a process for reaching such an agreement.

High-Performing Teams

Groups that consistently show high levels of collaboration, creativity, and productivity, achieving superior results.