Question: Harrell & Harrell wants to predict cell phone expense for the firms two partners at different levels of minutes used per month. The following data
Harrell & Harrell wants to predict cell phone expense for the firms two partners at different levels of minutes used per month. The following data have been gathered for the past 6 months:
Month Cell Phone Expense Minutes Used
May $330 1,650
June $320 1,450
July $502 2,450
August $456 2,100
September $470 2,340
October $536 2,800
Using the high-low method, compute the incremental cost when the partners phone usage increases by 5,000 minutes?
| $750 | ||
| $888 | ||
| $868 | ||
| $800 | ||
| $1,500 |
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