Hook Company Wants to Develop a Cost Estimating Equation for Its

question 13

Multiple Choice

Hook 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

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Definitions:

Personality Change

Alterations in an individual's patterns of thought, behavior, or emotion that are typically significant and impactful over time.

Social Categorization

The assignment of a person one has just met to a category based on characteristics the new person has in common with other people with whom one has had experience in the past.

Cognitive Dissonance

A psychological conflict resulting from incongruous beliefs and attitudes held simultaneously.

Operant Conditioning

A learning process in which the frequency of an organism's behavior is modified by reinforcement or punishment.