Analysis of Repair Costs and Mileage Relationship for Friendly Courier

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Added on 2023/05/29

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AI Summary

The case study analyzes the relationship between repair costs and mileage for Friendly Courier. The analysis suggests that total repair costs and truck mileage tend to have a strong positive linear relationship. The most prudent solution for the situation at hand would be to purchase the life time warranty and hence cap the repair costs per truck at $ 4,500 per year.

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Analysis of Repair Costs and Mileage Relationship for Friendly Courier

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