Is the following a fixed or a variable expense?
2 answers:
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Answer:
y =
Step-by-step explanation:
a) Let Area be the independent variable and Price of the homes sold be dependent on the area.
Let x represents the area and y represents the price.
We will plot the data in excel using trend line function.
The model so obtained is:
y =
Rounding values to the nearest hundredth, we get
y =
The answer is p=3, here is the process and the steps to find the answer.
