(Appendix 2A)The management of Buff Sports Stadium believes that the number of sporting events each month is an measure of activity for total clean-up cost.Shown below are event figures and total clean up costs for the past four months: Required:
a.Estimate Buff's cost formula for monthly clean-up cost using the high-low method.
b.Estimate Buff's cost formula for monthly clean-up cost using the least-squares regression method.

Question

(Appendix 2A)The management of Buff Sports Stadium believes that the number of sporting events each month is an measure of activity for total clean-up cost.Shown below are event figures and total clean up costs for the past four months:

Required:
a.Estimate Buff's cost formula for monthly clean-up cost using the high-low method.
b.Estimate Buff's cost formula for monthly clean-up cost using the least-squares regression method.

Quizplus · Accepted Answer

The Answer of (Appendix 2A)The management of Buff Sports Stadium believes that the number of sporting events each month is an measure of activity for total clean-up cost.Shown below are event figures and total clean up costs for the past four months: Required: a.Estimate Buff's cost formula for monthly clean-up cost using the high-low method. b.Estimate Buff's cost formula for monthly clean-up cost using the least-squares regression method.

(Appendix 2A)The Management of Buff Sports Stadium Believes That the Number