A Manager Wishes to Predict the Annual Cost (Y)of an Automobile

question 42

Multiple Choice

A manager wishes to predict the annual cost (y) of an automobile based on the number of kilometres (x) driven.The following model was developed: y = 1,550 + .36x.If a car is driven 20,000 kilometres, the predicted cost is ___.

• A)7,200
• B)5,650
• C)8,750
• D)2,270
• E)6,750

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Definitions:

Criminal

Pertaining to or involving crimes, describing actions that are against the law.

Liability

A financial obligation or amount that an individual or entity owes to another.

Misrepresented Authority

An instance where someone incorrectly asserts or implies they have the power to act on behalf of another party, potentially leading to binding agreements or legal consequences.

Personal Liability

Personal liability means an individual's legal responsibility to fulfill debts or obligations, which can extend to their personal assets.