Question

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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