The Following Information Is Available for Maintenance Costs -Refer to the Figure

The following information is available for maintenance costs:
$$\begin{array} { l c c } \text { Month } & \text { Production Volume } & \text { Maintenance Costs } \\\hline\text { January } & 75 & \$ 250 \\\text { February } & 115 & 310 \\\text { March } & 190 & 400 \\\text { April } & 60 & 240 \\\text { May } & 135 & 355\end{array}$$
-Refer to the figure.Using the method of least squares,what would the fixed portion of maintenance costs be (rounded to dollars) ?

A) $66
B) $160
C) $166
D) $575

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free