Thomas Ltd. operates a chain of shops. The company's chief executive officer is interested in accumulating some informat

[answerhappygod]

Thomas Ltd. operates a chain of shops. The company's chief
executive officer is interested in accumulating some information on
the utility costs incurred by the company. You have been asked to
analyze the following twelve months’ data.
Question 13 (3 points)
Question 13 options:
Using the high-low method calculate the variable rate for total
utility costs.
Question 14 (2 points)
Question 14 options:
Using the high-low method and variable rate entered above
calculate the fixed cost for total utility costs.
Question 15 (3 points)
Question 15 options:
Using the method of least squares, your regression analysis
produced an intercept of $1,300 and independent variable of
0.30.
Using the results of the regression analysis calculate the total
utility costs for 10,500 units.
Question 16 (2 points)
The CEO would like to understand what the advantages and
disadvantages of the method of least squares and the high-low
method.
Select all of the advantages of the high-low method from the
list below.
Question 16 options:
Uses only two data points
Simple to calculate
Excludes outliers automatically
Uses all of the data points
This method is objective