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xercise 2-8 (Part Level Submission) Usonic, Inc., has collected
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xercise 2-8 (Part Level Submission)Usonic, Inc., has collected the following information on its cost of electricity:

 Machine Hours Total Electricity Costs January 625 \$280 February 700 \$290 March 500 \$265 April 425 \$200 May 450 \$248 June 300 \$170 July 375 \$180 August 550 \$240 September 575 \$260 October 280 \$150 November 430 \$215 December 200 \$100
(b)
Assuming the line intersects the y-axis at \$50 and using the September activity levels calculate the equation of the line that would be drawn for a scattergraph. (Round variable cost to 2 decimal places, e.g. 15.25 and fixed cost to 0 decimal places, e.g 15.)

 y = \$  × MH + \$

 Attempts: 1 of 1 used
(c) What is the expected electricity cost when 425 machine hours are used? (Round answer to 2 decimal places, e.g. 125.25.)

 Total cost \$

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This question was answered on: Feb 21, 2020

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