Smith Company Is Attempting to Develop the Cost Function for Repair

question 77

Multiple Choice

Smith Company is attempting to develop the cost function for repair costs. The following past data are available: $$\begin{array} { c c } \text { Machine Hours } & \text { Repair Costs } \\\hline 4,800 & \$ 6,385 \\3,400 & 4,585 \\4,000 & 5,285 \\5,900 & 7,085\end{array}$$ Using the high-low method, what is the estimated repair cost for 4,500 machine hours?

• A) $5,785
• B) $5,585
• C) $5,685
• D) $5,985

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Definitions:

Sedative

A class of drugs that slows brain activity, inducing relaxation or sleep.

Alpha and Theta Waves

Types of brain waves detected by EEG that are associated with different states of brain activity; alpha waves are linked to relaxed, wakeful states, while theta waves are often observed during light sleep and deep meditation.

Meditation

A practice where an individual uses a technique, such as mindfulness or focusing the mind on a particular object, thought, or activity, to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.

Benzodiazepines

A class of psychoactive drugs used primarily for treating anxiety, insomnia, and several other conditions.