A Manager Wants to Predict the Cost (Y)of Travel for Salespeople

question 78

Multiple Choice

A manager wants to predict the cost (y) of travel for salespeople based on the number of days (x) spent on each sales trip.The following model has been developed: y = $400 + 120x.If a trip took 4 days,the predicted cost of the trip is _____________.

• A) 480
• B) 880
• C) 524
• D) 2080
• E) 1080

---

Definitions:

Trustee

An independent party appointed to represent the bondholders.

Selling Price

The price at which a product or service is offered for sale to consumers.

Callable Bonds

Bonds containing a call feature that allows the bond issuer the option of retiring the bonds early.

Early Retirement

Refers to the act of ending one's professional career or employment before reaching the conventional retirement age.