The following information pertains to Joe Coffee Company's monthly activity and total costs:
What would be the best equation for predicting total costs using the high-low method?
A) Y = $3 + $2,100X
B) Y = $3,550 + $3X
C) Y = $3 + $1,500X
D) Y = $2,250 + $3X
Correct Answer:
Verified
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