Hook Company Wants to Develop a Cost Estimating Equation for Its

question 36

Multiple Choice

Hook Company wants to develop a cost estimating equation for its monthly cost of electricity.It has the following data: $\begin{array}{lcc}\text { Month } & \text { Cost of Electricity } & \text { Direct Labour Hours } \\\hline\text { January } & \$ 8,100 & 750 \\\text{April} & 9,000 & 850 \\\text { July } & 10,200 & 1,000 \\\text { October } & 8,700 & 800\end{array}$ Using the high-low method,which of the following is the best equation?

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

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Definitions:

Price

The amount of money expected, required, or given in payment for something.

Hardware

The physical components of a computer system, such as the CPU, memory devices, and input/output devices.

Software

A set of computer programs that enable the hardware to process data.

GUI

Graphical User Interface, a human-computer interface that allows users to interact with electronic devices using graphical icons and visual indicators.