What would the city of rockville estimated costs

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Reference no: EM133533031

Case Study: Reporting Period (Year) Total Costs Level of Activity (Miles Driven)

  • Year 1 $ 750,000 225,000
  • Year 2 850,000 240,000
  • Year 3 1,100,000 430,000
  • Year 4 1,150,000 454,000
  • Year 5 1,250,000 560,000
  • Year 6 1,550,000 710,000

Questions: Regression Analysis. Regression analysis was run using the same data for the city of Rockville.

  • Use the regression output to develop the cost equation Y = f + vX by filling in the dollar amounts for f and v.
  • What would the city of Rockville's estimated costs be if its trucks drove 500,000 miles in year 7?

 

Reference no: EM133533031

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