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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
I have been working on this problem for about a week now and can't seem to get it to work. HELP!!!! James is trying to determine if there is a relationship between machine hours and utility costs. He has gathered financial information from the last six months as follows: Month Machine Hours Utility Costs 1 2000 900 2 2800 1420 3 3200 1200 4 3000 1200 5 2200 1300 6 2400 1000 Required: A. Using either the high-low method or regression analysis, determine the equation for a line. (Note: You will receive 5 extra credit points if you use regression analysis.) B. James believes that in month 7 the machine hour volume will be 3600 hours. Determine the expected utility cost.
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