Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below j Bargain Rental Car offers renta would like to better understand the wash facility in which each rental car that is customer. Management belleves Accordingly, the following data have been compled I cars in an off-airport location near a major tourist destination in California. Management variable and fixed portions of it car washing costs. The company operates its own car s returned is thoroughly cleaned before being released for rental to another that the variable portion of its car washing costs relates to the number of rental retuns Month Rental Returns Car Nash Costs $11,400 $13,300 $12,200 $14,980 $16,600 24,190 $22,680 $23,280 $23,200 22,380 $11,108 $15,600 2,480 February2.800 January 2,500 March April May June July August 3,100 3,780 5,180 5,600 5,600 September October 4,800 4,180 2,280 3,000 November December

Explanation / Answer

Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. X Y Month Rental Returns Wash Costs XY X^2 January 2400 11400 27360000 5760000 February 2500 13300 33250000 6250000 March 2800 12200 34160000 7840000 April 3100 14900 46190000 9610000 May 3700 16600 61420000 13690000 June 5100 24100 122910000 26010000 July 5600 22600 126560000 31360000 August 5600 23200 129920000 31360000 September 4800 23200 111360000 23040000 October 4100 22300 91430000 16810000 November 2200 11100 24420000 4840000 December 3000 15600 46800000 9000000 Sigma X 44900 Sigma Y 210500 SigmaXY 855780000 Sigma (X^2) 185570000 Sigma X*Sigma Y 44900*210500 9451450000 (Sigma X)^2 44900*44900 2016010000 VC= VC= (12*855780000)-9451450000 817910000 (12*185570000)-2016010000 210830000 VC=                           3.88 y= 3.88x+Fixed Cost 11400= (3.88*2400)+FC FC= 2088 y= 3.88x+2088 R Square 0.903545629

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