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What is the estimated cost for madagascar company

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Reference no: EM132838521

After constructing a scatter chart, the internal auditor of Madagascar Company provided you with the following information:

Independent variable: 1,000,000
Slope of the line: 0.25 Y-axis intercept: 7,500

Problem 1: Based on the above data, what is the estimated cost?

a. P 250,500             c. P 1,000,000
b. P 257,500               d. P 1,007,500

Reference no: EM132838521

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