A Local Trucking Company Fitted a Regression to Relate the Cost

question 139

Multiple Choice

A local trucking company fitted a regression to relate the cost of its shipments as a function of the distance traveled.The Excel fitted regression is shown. Based on this estimated relationship,when distance increases by 50 miles,the expected shipping cost would increase by how much?

• A)$286
• B)$143
• C)$104
• D)$301

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Definitions:

Net Sales

Revenue from sales minus returns, allowances, and discounts.

Net Income

The residual financial gain of a company post all expenses and taxes being deducted from the revenue.

Net Sales Revenue

Net Sales Revenue is the total revenue from sales of goods or services after deducting returned goods and any allowances or discounts.

Bank Reconciliation

A process of ensuring that the bank's records of an individual's or company's cash balance matches the financial records of the company.