Answer:
Y = 7.60X + 1246.67
Step-by-step explanation:
Given the data:
Production Volume (units) Total Cost ($)
400 4000
450 5000
550 5400
600 5900
700 6400
750 7000
Using technology, the linear regression calculator, the regression model obtained by fitting the data is :
Y = 7.60X + 1246.67 ; which is the model giving the relationship between Production volume, x and total cost, y.
Slope = 7.60
Intercept = 1246.67
Answer:
- the total installment is $936
- the carrying charges are $186
- the monthly rate to buy the items are 19.23 or 20 months
Step-by-step explanation:
$39 for 24 months comes to ...
$39 × 24 = $936
The "carrying charges" are the difference between the cash price and the installment price:
$936 -750 = $186
Saving at the rate of $39 per month, it would take ...
$750/$39 = 19.23 months
about 20 months to save up the cash price.
Often, such savings would come from a once-a-month paycheck, so it would take more than 19 such paychecks to save the required amount.
hope it will help :)
10 is the stubstitution for 5 q, since 2 plus 5 equals 7. What is 10 divided by 5?
