A company that offers cars for rent wants to better understand costs. When cars are...
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A company that offers cars for rent wants to better understand costs. When cars are returned, they are thoroughly cleaned before being rented again. The manager believes that the variable portion of the cleaning costs relates to the number of rental returns. She has gathered the following data: Month Rental Returns Cleaning Costs January 2,300 $ 10,300 February 2,500 $ 12,800 March 2,700 $ 11,100 April 2,900 $ 13,200 May 3,600 $ 15,500 June 4,900 $ 21,900 July 5,500 $ 21,500 August 5,300 $ 20,400 September 4,600 $ 22,100 October 3,800 $ 19,000 November 2,100 $ 10,000 December 2,600 $ 11,800 
Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to clean cars. What is the R2 rounded to the nearest whole percentage? (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places, Enter the % in whole numbers (i...67 = 67)) Fixed cost per month Variable cost per rental retum R-square
A company that offers cars for rent wants to better understand costs. When cars are returned, they are thoroughly cleaned before being rented again. The manager believes that the variable portion of the cleaning costs relates to the number of rental returns. She has gathered the following data:
Month Rental Returns Cleaning Costs
January 2,300 $ 10,300
February 2,500 $ 12,800
March 2,700 $ 11,100
April 2,900 $ 13,200
May 3,600 $ 15,500
June 4,900 $ 21,900
July 5,500 $ 21,500
August 5,300 $ 20,400
September 4,600 $ 22,100
October 3,800 $ 19,000
November 2,100 $ 10,000
December 2,600 $ 11,800
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