Edit View History Bookmarks Window Help mathxl.com Chris Mazza& I MANAGEMENT OF

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Edit View History Bookmarks Window Help mathxl.com Chris Mazza& I MANAGEMENT OF OPERATIONS (1) Homework: Homework 4 Score: 0 of 1 pt Problem 4.42 (additional/statio) 8 of 10 (3 complete) HW Score: 6. A careful analysis of the cost of operating an automobile was conducted by a firm. The following model was developed y 4,000+0.20x where y is the annual cost and x is the miles driven. a) If the car is driven 15,000 miles this year, the forecasted cost of operating this automobile 7,000 (enter your response as a whole number) b) If the car is driven 25,000 miles this year, the forecasted oost of operating this automobile (onter your response as a whole number). Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check Answer To see what to study next, go to your Study Plan 8ag 2 3 4 5 8

Explanation / Answer

The formula to be used for the required calculation :

Y =4000 + 0.20.X

Y = Annual cost

X = Miles driven

When the car is driven 25,000 miles this year, the corresponding X = 25,000 . In such case , relevant value of Y :

Y = 4000 + 0.2 x 25,000 = 4000 + 5000 = 9000

IF THE CAR IS DRIVEN 25000 MILES THIS YEAR . THE FORECASTED COST OF OPERATING THE AUTOMOBILE = 9000

IF THE CAR IS DRIVEN 25000 MILES THIS YEAR . THE FORECASTED COST OF OPERATING THE AUTOMOBILE = 9000

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