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What would be the best equation using the high-low method

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Question - The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data:

Month Cost of Water (Y) Direct Labor-Hours (X)

March $26,000 3.000

June $30,000 3.400

September $34,000 4,000

December $29,000 3.200

What would be the best equation using the high-low method?

Reference no: EM131804818

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