Question: 2. Use the high-low method to estimate the cost function for Lucro Island Hotel based on following information and then use the cost function to

2. Use the high-low method to estimate the cost function for

2. Use the high-low method to estimate the cost function for Lucro Island Hotel based on following information and then use the cost function to estimate the expense in October based on the projected sales of average 28 rooms per day. (5 marks): July August September Sales (average No. of rooms per day) 25 27 Total cost per month $200225 $201236 $201590 26

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