Medium-sized passenger jet on a route

Reference no: EM13941842

CapeAir flies a medium-sized passenger jet on a route between Washington, D.C., and Cape Cod. The manager of the airline would like to estimate the relationship between the plane's payload (i.e., total weight of passengers and cargo) and total fuel costs. On five recent flights, the payload varied between 22 tons and 35 tons.
Payload
Fuel
(tons)
Cost
Flight 1
35
$780
Flight 2
26
$720
Flight 3
33
$765
Flight 4
28
$735
Flight 5
22
$700
Required:
Using the least-squares regression method, estimate the variable cost per ton and the fixed cost per flight. (Round off the variable cost per ton to the nearest cent and the fixed cost per flight to the nearest dollar.)

Reference no: EM13941842

Questions Cloud

Incorporated dental practice : Jim Haught, D.D.S., opened an incorporated dental practice on January 1, 2014. During the first month of operations,

Define what is meant by delegation : As you have learned, managers have their own responsibilities to perform and they also determine what work should be delegated to subordinates to perform. Define what is meant by delegation. Discuss why managers choose to delegate and why they may ..

Analyze the public perceptions about the war on drugs : Analyze the impact of white-collar and organized crimes on public attitude toward crime and their confidence in government, similar crimes, crime organizations, and government machinery.

Emergence of fair trade as a business model : Question 1: What reason was given to explain the emergence of Fair Trade as a business model for importers?

Medium-sized passenger jet on a route : CapeAir flies a medium-sized passenger jet on a route between Washington, D.C., and Cape Cod. The manager of the airline would like to estimate the relationship between the plane's payload (i.e., total weight of passengers and cargo) and total fue..

Essay to discuss the roles of leadership : Write an essay to discuss the roles of leadership that are relevant to corporate greening in ensuring corporate sustainability. This assignment requires the writing of an academic essay.

Explain the rise and effects of mccarthyism in american life : Describe American life as it developed during the 1950s, including social, economic, and political issues, and evaluate the significance of the Cold War in these changes.

Cost changes in response to changes in activity : Below are cost and activity data for a particular cost over the last four periods. Your boss has asked you to analyze this cost so that management will have a better understanding of how this cost changes in response to changes in activity.

How did immigration patterns in nineteenth century impact : Historians argue about the impact of the slave economy on the South before the Civil War. What options, if any, did the republic have during the first half of the nineteenth century to avoid Civil War?

User Account

All Pages