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

question 18

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 + 0.36x.If a car is driven 30,000 kilometres, the predicted cost is ___.

• A)10,800
• B)12,350
• C)2,630
• D)9,250
• E)10,250

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Definitions:

Raw Data

Untreated and unprocessed data collected directly from a source, prior to undergoing any form of analysis or manipulation.

100% Stacked Column Chart

A graphical representation of the composition of data, where each column represents a whole and segments within the column represent different parts or categories, adding up to 100%.

Clustered Column Chart

A type of bar chart that groups related data points (columns) together for comparison purposes, allowing for visual comparison across categories.

Stacked Column Chart

A graphical representation using vertical bars divided into categories or segments, showing cumulative effect of multiple items.