Tornado Textiles is a clothing manufacturer based in the USA that has operations in South America. After conducting a statistical regression analysis, Tornado's manager concluded that the following slope-intercept equation properly estimates the behavior of Tornado's total costs: $46x + $46,910 (where y = total costs and x = production in units).
What will be the budgeted total costs next year if management estimates that production will be 12,000 units?

Question

Tornado Textiles is a clothing manufacturer based in the USA that has operations in South America. After conducting a statistical regression analysis, Tornado's manager concluded that the following slope-intercept equation properly estimates the behavior of Tornado's total costs: $46x + $46,910 (where y = total costs and x = production in units). 
What will be the budgeted total costs next year if management estimates that production will be 12,000 units?

Quizplus · Accepted Answer

The Answer of Tornado Textiles is a clothing manufacturer based in the USA that has operations in South America. After conducting a statistical regression analysis, Tornado's manager concluded that the following slope-intercept equation properly estimates the behavior of Tornado's total costs: $46x + $46,910 (where y = total costs and x = production in units). 
What will be the budgeted total costs next year if management estimates that production will be 12,000 units?

Tornado Textiles Is a Clothing Manufacturer Based in the USA