Antfony and Michelle are parthers in a driver's ed business, providing a mich-needed service to...

70.2K

Verified Solution

Question

Accounting

image
image
Antfony and Michelle are parthers in a driver's ed business, providing a mich-needed service to want to-be-drivers in their resion. Ther have been satisfied with the profts their business has generated to date, but theyd like to have more reliable estimates for future costs. Believing that the most certain cost driver for their total costs is number of students served they gathered the following data for the past yoar: Your answer has been sived See score details after the due date. Use the high-low method to estimate a cost function for total monthly driver's ed costs based on number of students. Y=5X+5 Attempts: 1 of 1 use (c1) Using the model created above, Bredict next menth's driver's ed costs if Anthony and Michelle expect to serve 59 students. Next month's driver'sed costs $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students