Hook Company Wants to Develop a Cost Estimating Equation for Its

question 22

Multiple Choice

Hook Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Using the high-low method, which of the following is the best equation?

• A) Y = £900 + £12.00X
• B) Y = £900 + £8.40X
• C) Y = £1,800 + £8.40X
• D) Y = £2,400 + £8.40X

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Definitions:

Proteins

Large, complex molecules made up of amino acids that perform a vast array of functions within organisms, including structural support, transporting molecules, and catalyzing metabolic reactions.

Phylum

A taxonomic grouping of related, similar classes; a category beneath the kingdom and above the class.

Chordata

A phylum of animals possessing a notochord at some stage in their development, including vertebrates like fish, amphibians, reptiles, birds, and mammals.

Vertebrata

A subphylum of chordates that includes animals with backbones or spinal columns.