Just need the answer to number 2. Thanks
Take the data into excel.To perform regression analysis:
Goto Data->Analysis->Regression
Select Repair expenses for Y range and Rooms sold for X range and click OK
The new Summary sheet provides coefficient of X variable=1.0157310520362 and Intercept= 2198.5435520362
Hence the equation becomes Y=2198.5435520362+ 1.0157310520362X
Now, the total variable cosy TVC = Total rooms sold*1.0157310520362=1.0157310520362*23360= $3727.47738
And the total fixed cost TFC = Total cost - TVC= 50110-23727.47738= $6382.52262
Just need the answer to number 2. Thanks HIM 3322-COST CONCEPTS- NAME Joseph Castellano SEMI VARIABLE...