The number of blood tests performed and the related costs over the last nine months in Brentline
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Question:
The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below:
Month Blood Tests Performed Blood Test Costs
January $
February $
March $
April $
May $
June $
July $
August $
September $
Required:
Using the highlow method, estimate the cost formula for blood tests. Round cost per unit answer to decimal places.
Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which blood tests are performed? Round your intermediate calculations answer to decimal places.
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