kscott4562
Jan 14, 2012, 05:34 PM
Stuck for 2 days on my accounting homework can anyone help?
THE QUESTION:
Using least-squares regression, estimate the fixed cost and variable cost elements of monthly car wash costs
January 3,545 $11,245
February 2,456 $21,200
March 2,461 $21,618
April 2,447 $19,270
May 2,453 $37,854
June 3,245 $38,541
July 2,546 $25,463
August 3,605 $14,563
September 2,456 $15,334
October 2,155 $12,347
November 4,632 $32,456
THE QUESTION:
Using least-squares regression, estimate the fixed cost and variable cost elements of monthly car wash costs
January 3,545 $11,245
February 2,456 $21,200
March 2,461 $21,618
April 2,447 $19,270
May 2,453 $37,854
June 3,245 $38,541
July 2,546 $25,463
August 3,605 $14,563
September 2,456 $15,334
October 2,155 $12,347
November 4,632 $32,456