Chapa Company reports the following data regarding its shipping costs during the first six months of 2022. Month Jan. Fe

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Chapa Company reports the following data regarding its shipping costs during the first six months of 2022. Month Jan. Fe

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Chapa Company Reports The Following Data Regarding Its Shipping Costs During The First Six Months Of 2022 Month Jan Fe 1
Chapa Company Reports The Following Data Regarding Its Shipping Costs During The First Six Months Of 2022 Month Jan Fe 1 (21.19 KiB) Viewed 38 times
Chapa Company reports the following data regarding its shipping costs during the first six months of 2022. Month Jan. Feb. Mar. Apr. May Jun. #Shipments 510 490 475 520 525 540 Total Costs $11,700 $11,500 $11,250 $11,800 $11,900 $12,000 The company uses the high-low method to estimate the Y = a + bx cost equation for its shipping costs. Part A. Calculate the slope (b) of the cost equation, rounding to nearest penny. Show work and place answer in box. Answer
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