Question: Check my workCheck My Work button is now enabled1 Item 2 Item 2 10 points Item Skipped The number of blood tests performed and the

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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 4,625 $ 81,516
February 7,750 $ 119,450
March 4,125 $ 74,504
April 3,680 $ 68,748
May 3,915 $ 72,178
June 3,000 $ 60,550
July 3,455 $ 65,688
August 4,725 $ 81,704
September 4,785 $ 83,164

Required:

1. Using the highlow method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.)

2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 4,270 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.)

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