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Plot the data on a graphing paper

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Reference no: EM132628932

The owner of the Queensland Restaurant would like to determine the fixed and variable components of the restaurant's utility expenses. The owner believes that the variable component of the utilities cost is driven by the number of meals served.

                               Meals served                           Utilities cost

January                    3,600                                 P1,560

February                  2,000                                   P1,060

March                       2,900                                    P1,350

April                            3,500                                 P1,500

May                             3,900                               P1,580

June                              2,100                           P1,250

July                               1,900                            P1,100

August                             1,000                             P 850

September                           1,250                           P 990

October                                1,400                          P 880

November                                2,600                         P1,180

Required:

Problem [a] Plot the data on a graphing paper.

Problem [b] Using the scattergraph method, derive a cost formula for utilities cost.

Problem [c] Use your cost formula to predict the utilities cost if 5,200 meals are served.

Reference no: EM132628932

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