The Hernandez Haunted House wants to predict Total Cost as a function of the number of visitors. They will ultimately use this information in pricing.
There results show the following information

1) Using the high-low method, determine the "TC=F + VX"
cost formula for total costs. What would you predict costs to be in October if we expect 265,000 visitors
2) Using linear regression, determine the "TC=F + VX"
cost formula for total costs. What would you predict costs to be in October if we expect 265,000275,000 visitors

Question

The Hernandez Haunted House wants to predict Total Cost as a function of the number of visitors. They will ultimately use this information in pricing.
There results show the following information
  
1) Using the high-low method, determine the "TC=F + VX"
cost formula for total costs. What would you predict costs to be in October if we expect 265,000 visitors
2) Using linear regression, determine the "TC=F + VX"
cost formula for total costs. What would you predict costs to be in October if we expect 265,000275,000 visitors

Quizplus · Accepted Answer

The Answer of The Hernandez Haunted House wants to predict Total Cost as a function of the number of visitors. They will ultimately use this information in pricing.
There results show the following information
  
1) Using the high-low method, determine the "TC=F + VX"
cost formula for total costs. What would you predict costs to be in October if we expect 265,000 visitors
2) Using linear regression, determine the "TC=F + VX"
cost formula for total costs. What would you predict costs to be in October if we expect 265,000275,000 visitors

The Hernandez Haunted House Wants to Predict Total Cost as a Function