Campus Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies made).The following data have been gathered:

Required
Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure ofactivity.

Copy Machine Month May June July August September Repair Expense 8,500 12,500 20,500 16,500 10,500 Copies Made 300,000 500,000 900,000 700,000 400,000