Question: The number of blood tests performed and the related costs

The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below:
Required:
1. Using the high–low method, estimate the cost formula for blood tests.
2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 2,300 blood tests are performed?

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  • CreatedJuly 08, 2015
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