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1) constuct a scatter diagram 2) Estimate fixed costs and variable costs

1) constuct a scatter diagram 2) Estimate fixed costs and variable costs

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1) constuct a scatter diagram

2) Estimate fixed costs and variable costs

Month January February March April May June July August September October November December Diagnostic Tests Completed 3,050 4,500 7,100 6,200 4,700 5,900 6,000 6,100 5,300 4,900 4,800 5,050 Cost 61,000 74,500 99,000 95,600 74,800 89,000 91,000 90,000 87,000 76,200 78,100 80,700
Transcribed Image Text:Month January February March April May June July August September October November December Diagnostic Tests Completed 3,050 4,500 7,100 6,200 4,700 5,900 6,000 6,100 5,300 4,900 4,800 5,050 Cost 61,000 74,500 99,000 95,600 74,800 89,000 91,000 90,000 87,000 76,200 78,100 80,700
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