The Ladder Company Wants to Develop a Cost Estimating Equation

question 146

Multiple Choice

The Ladder Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Using the high-low method, which of the following is the best equation?

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

---

Definitions:

Vocabulary

The set of words known and used by a person in speaking and writing.

Flash Cards

Small cards used for aiding memorization, with a question on one side and the corresponding answer on the other.

Branching Map

A diagram that visually represents a set of relationships between different concepts or entities in a hierarchical or branching manner.

Context

The circumstances or setting surrounding an event, statement, or idea which can affect its meaning or understanding.