Refer to the Holly Thompson company information in Exercise 3-14.

Required:
1. Compute the cost formula for tanning services using the results from the method of least squares.
2. Using the formula computed in Requirement 1, what is the predicted cost of tanning services for September for 5,000 appointments?

Exercise 3-14

Transcribed Image Text:

Month Tanning Appointments Total Cost (S) January February March 1,400 3,516 4,000 4,280 6,200 5,580 April May 4,800 3,600 5,000 3,000 June 4,600 4,550 July August 2,300 4,400 6,000 5,280