Requlred Information

Exercise $5$A$-2($Algo$)$ Least$-$Squares Regression $[$L$05-11]$

$[$The following information applies to the questions displayed below.$]$

Bargain Rental Car wants to better understand the variable and fixed portions of its car washing costs. The company

operates its own car wash facility that cleans each rental car before releasing it to another customer. Management

believes the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following

data have been compiled:

Exerclse $5$A$-2$ Part $2($Algo$)$

$2$ Using least$-$squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars.

Note: Round Flxed cost to the nearest whole dollar amount ond the Varlable cost per unlt to $2$ declmal places.

Fixed cost per month

Variable cost per rental return