A careful analysis of the cost of operating an automobile was conducted by accounting manager Dia Bandaly.
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A careful analysis of the cost of operating an automobile was conducted by accounting manager Dia Bandaly. The following model was developed:
^y = 4,000 + 0.20x
Where ^y is the annual cost and x is the miles driven.
a) If the car is driven 15,000 miles this year, what is the forecasted cost of operating this automobile?
b) If the car is driven 25,000 miles this year, what is the forecasted cost of operating this automobile?
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Related Book For
Operations Management Sustainability And Supply Chain Management
ISBN: 9780135173626
13th Edition
Authors: Jay Heizer, Barry Render, Chuck Munson
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