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Sunset Beach Resort provides the following data on cleaning costs and the number of occupied rooms for the past four months: Month Occupied Rooms Cleaning Costs January 1,250 $28,750 February 1,450 $32,150 March 1,850 $38,950 April 2,100 $43,200 Use the high-low method to estimate the fixed cost of cleaning per month and the variable cost of cleaning per occupied room.

Sunset Beach Resort provides the following data on cleaning costs and the number of occupied rooms for the past four months: Month Occupied Rooms Cleaning Costs January 1,250 $28,750 February 1,450 $32,150 March 1,850 $38,950 April 2,100 $43,200 Use the high-low method to estimate the fixed cost of cleaning per month and the variable cost of cleaning per occupied room.

Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter7: Linear Regression
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Sunset Beach Resort provides the following data on cleaning costs and the number of occupied rooms for the past four months: Month Occupied Rooms Cleaning Costs January 1,250 $28,750 February 1,450 $32,150 March 1,850 $38,950 April 2,100 $43,200 Use the high-low method to estimate the fixed cost of cleaning per month and the variable cost of cleaning per occupied room.
Transcribed Image Text:Sunset Beach Resort provides the following data on cleaning costs and the number of occupied rooms for the past four months: Month Occupied Rooms Cleaning Costs January 1,250 $28,750 February 1,450 $32,150 March 1,850 $38,950 April 2,100 $43,200 Use the high-low method to estimate the fixed cost of cleaning per month and the variable cost of cleaning per occupied room.
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