Figure 23-2
the Following Information Is Available for Maintenance Costs

question 12

Essay

Figure 23-2
The following information is available for maintenance costs: $$\begin{array} { l c c } \text { Month } & \text { Production Volume } & \text { Maintenance Costs } \\\text { January } & 75 & £ 250 \\\text { February } & 115 & 310 \\\text { March } & 190 & 400 \\\text { April } & 60 & 240 \\\text { May } & 135 & 355\end{array}$$
-Refer to Figure 23.2. Using a computer or calculator, compute the estimate of variable cost per unit of production using the method of least squares. Rounded to two decimal places, this value would be
a.£3.21.
b.£2.70.
c.£1.31.
d.£1.23.

---

Definitions:

Selectively Interpret

The act of processing information according to personal biases, often ignoring aspects that do not align with one's viewpoint.

AOL-Time Warner Merger

The historic merger in 2000 between America Online (AOL) and Time Warner, one of the largest media and entertainment conglomerates, which marked a significant moment in the dot-com bubble era.

Minority Groups

Socially, ethnically, or racially distinct groups that are smaller in number within a community or country and may face differential treatment or discrimination.

Television Representation

The portrayal and depiction of characters, stories, and social dynamics on television, which often reflects or influences societal attitudes.