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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