Thomas estimates that the costs of insurance, license, and depreciation to operate his car total $470...

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Thomas estimates that the costs of insurance, license, and depreciation to operate his car total $470 per month and that the gas, oil, and maintenance costs are 48 cents per mile. Thomas also estimates that, on average, he drives his car 2,000 miles per month. Required: a. How much cost would Thomas expect to incur during September if he drove the car 1,523 miles? Note: Round your answer to 2 decimal places. b. Would it be meaningful for Thomas to calculate an estimated average cost per mile for a typical 2,000-mile month? a. Total cost b. Would it be meaningful? Thomas estimates that the costs of insurance, license, and depreciation to operate his car total $470 per month and that the gas, oil, and maintenance costs are 48 cents per mile. Thomas also estimates that, on average, he drives his car 2,000 miles per month. Required: a. How much cost would Thomas expect to incur during September if he drove the car 1,523 miles? Note: Round your answer to 2 decimal places. b. Would it be meaningful for Thomas to calculate an estimated average cost per mile for a typical 2,000-mile month? a. Total cost b. Would it be meaningful?

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a To calculate the expected cost for September if Thomas drove the car 1523 miles we need to conside... View the full answer