Question: Exercise 1 2 . 1 1 LO 1 2 - 3 Estimating costs based on behavior patterns Thomas estimates that the costs of insurance, license,
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LO
Estimating costs based on behavior patterns Thomas estimates that the costs of insurance, license, and depreciation to operate his car total $ per month and that the gas, oil, and maintenance costs are cents per mile. Thomas also estimates that, on average, he drives his car miles per month.
Required:
a How much cost would Thomas expect to incur during September if he drove the car miles?
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b Would it be meaningful for Thomas to calculate an estimated average cost per mile for a typical mile month? Explain your answer.
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