Hook Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Using the high-low method, which of the following is the best equation?
A) Y = £900 + £12.00X
B) Y = £900 + £8.40X
C) Y = £1,800 + £8.40X
D) Y = £2,400 + £8.40X

Question

Hook Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data:  Using the high-low method, which of the following is the best equation?
A) Y = £900 + £12.00X 
B) Y = £900 + £8.40X 
C) Y = £1,800 + £8.40X 
D) Y = £2,400 + £8.40X

Quizplus · Accepted Answer

The Answer of Hook Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data:  Using the high-low method, which of the following is the best equation?
A) Y = £900 + £12.00X 
B) Y = £900 + £8.40X 
C) Y = £1,800 + £8.40X 
D) Y = £2,400 + £8.40X

Hook Company Wants to Develop a Cost Estimating Equation for Its