Use the Data Given Below to Answer the Following Questions)

question 52

Multiple Choice

Use the data given below to answer the following questions) .
Following is an extract from the database of a construction company. The table shows the height of walls in feet and the cost of raising them. The estimated simple linear regression equation is given as Ŷ = b0 + b1X. Hint: Use Excel functions) . $$\begin{array} { | r | r | } \hline \text { Height ft) } & \text { Cost \$) } \\\hline 4 & 670 \\\hline 3 & 430 \\\hline 7 & 810 \\\hline 9 & 1100 \\\hline 6 & 790 \\\hline 8 & 880 \\\hline 5 & 760 \\\hline 11 & 1200 \\\hline\end{array}$$
-What is the estimated cost of raising a 10-inch wall?

• A) 1505.786
• B) 1103.578
• C) 968.6109
• D) 1123.008

---

Definitions:

Sale-and-Lease-Back

A financial transaction where one sells an asset and immediately leases it back from the buyer, maintaining its use while freeing up capital.

Deductible Expense

An expense that can be subtracted from taxable income, reducing the total amount on which tax is assessed.

Lease Expiry

The date on which a lease agreement comes to an end.

Definite Term

A definite term refers to a specified period of time, often used in contexts such as contracts, which have a clear start and end date.