Alfred has plotted revenue and cost graphs for his pastry business. He's testing a number of cost assumptions against his business's revenue. Revenue Graph
Cost Graph
+25,000
- See
+20,000
+15,000
Revenue (dollars)
Frotal (dollars
+10,000
+5,000
25
100
Price per Pastry
10
20
Price
Which two statements correctly interpret the graphs?
Cost falls and revenue rises up to approximately $6 per pastry.
After approximately $6, both cost and revenue fall.
Costs continue to fall beyond approximately $6 because of an increase in revenue,
Revenue continues to rise regardless of the ch

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Companies in the u. s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct