Chapa Company Reports The Following Data Regarding Its Shipping Costs During The First Six Months Of 2022 Month Jan Fe 1 (14.71 KiB) Viewed 35 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 B. Calculate the intercept (a) of the cost eqution, rounding to nearest dollar. Show work and place answer in box. Answer
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!