Back to Course Chapter three Assignment one 0% Complete 0/0 Steps Quiz 1 of 0 Chapter three Assignment one Time limit: 0 Quiz Summary 0 of 1 Questions completed Questions: Information You have already completed the quiz before. Hence you can not start it again. Quiz is loading… You must sign in or sign up to start the quiz. You must first complete the following: Results Quiz complete. Results are being recorded. Results 0 of 1 Questions answered correctly Your time: Time has elapsed You have reached 0 of 0 point(s), (0) Earned Point(s): 0 of 0, (0) 0 Essay(s) Pending (Possible Point(s): 0) Average score Your score Categories Not categorized 0% Show Question 1 Review Answered Correct Incorrect Question 1 of 1 1. Question company has recorded its total cost for different levels of activity over the last five months as follows: Month       Activity level     Total cost DETAILS           (units)         (KSHS) 7                  300         17,500 8                   360        19,500 9                  400         20,500 10                  320          18,500 11                   280        17,000 The equation for total cost is being calculated using regression analysis on the above data. The equation for total cost is of the general form ‘y = a + bx’ and the value of ‘b’ should be calculated correctly to 2 decimal places. What is the value of ‘a’ (to the nearest KSHS) in the total cost equation? BLANK 1 of 1 Fill in the blank 1 of 1 Correct Incorrect
