Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. anthony and michelle are partners in a driver's ed

Anthony and Michelle are partners in a driver's ed business, providing a much-needed service to...

50.1K

Verified Solution

Question

Accounting

Anthony and Michelle are partners in a driver's ed business, providing a much-needed service to want-to-be-drivers in their region. They have been satisfied with the profits their business has generated to date, but they'd 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 year. Month 2 3 1 4 5 6 7 8 9 10 11 12 Number of Students 46. 53 42 49 56 59 62 55 64 67 58 60 Total Costs $12,866 13,368 14,702 15,454 15,136 14,999 16,517 15,105 15,619 17,477 16,693 15,435 4
image
image
Anthomy and Michelle are partners in a driver's ed business, providing a much-needed service to want-to-be-drivers in their region. They have been satisfied with the profits their business has generated to date, but theyd hike 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 year. Whe the hychtow methad to ettimate a cont function for tolal mensfridrivessed costs based on number of at udents. Y=5 Attempt: 6 of 1 used

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