The Phone Bill for a Corporation Consists of Both Fixed

question 222

Multiple Choice

The phone bill for a corporation consists of both fixed and variable costs.Refer to the four-month data below and apply the high-low method to answer the question. $$\begin{array} { | l | r | r | } \hline & \text { Minutes } & \text { Total Bill } \\\hline \text { January } & 480 & \$ 4500 \\\hline \text { February } & 240 & \$ 2690 \\\hline \text { March } & 160 & \$ 2630 \\\hline \text { April } & 300 & \$ 2845 \\\hline\end{array}$$ If the company uses 360 minutes in May,how much will the total bill be? (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.)

• A) $1697
• B) $2102
• C) $3799
• D) $7305

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Definitions:

Mode

An average of a group of values, computed by identifying the number that occurs most often.

Monthly Revenues

The total income generated by a business or entity from its activities within a month.

Bar Graph

Also known as a bar chart, a graphic presentation of statistical information resembling the histogram except that there may not be a numeric scale on the horizontal axis and the bars normally do not touch each other.

Line Graph

A type of graph often used for illustrating data over time.