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Business, 21.11.2019 06:31 jasbutt015p2pqp8

The stanford company incurred the following maintenance cost during a five month period:

month production volume maintenance costs

june 75 $250

july 115 310

august 190 400

september 60 240

october 135 355

using a computer or calculator, compute the estimate of the fixed portion of maintenance costs using the method of least squares.

rounded to dollars, this value would be:

a. $575

b. $166

c. $160

d. $66

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Answers: 1

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The stanford company incurred the following maintenance cost during a five month period:

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