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What is the best estimate of total costs

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Reference no: EM132501318

The Apollo Delivery Service has developed the following cost equation to estimate their total costs (Y) based on the number of miles driven (X): Y = 12,400 + 0.22X.

Question 1: What is the best estimate of total costs when they expect to drive 325,000 miles?

Option 1: $83,900

Option 2: $325,000

Option 3: $71,500

Option 4: $12,400

Reference no: EM132501318

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