High-Low Method [LO 2 and Appendix] Madrigal Theater Company is interested in estimating fixed and variable costs. The following data are available: Cost No. of Tickets Sold January $172,000 20,000 February 195,000 23,000 March 212,000 27,000 April 217,000 29,000 May 209,500 29,500 June 191,500 23,500 July 185,000 22,000 August 155,000 17,000 September 194,500 24,500 October 202,000 26,000 November 207,000 30,000 December 230,000 32,000 Madrigal Theater Company is considering an advertising campaign that is expected to increase annual sales by 14,000 tickets. Assume that the ticket selling price is $25. Ignoring the cost of the advertising campaign, what is the expected increase in profit associated with the advertising campaign? $ Repeat part a using regression analysis. In light of the result, how would you answer part b? (Round variable cost per ticket sold to 6 decimal places, e.g. 2.123456, fixed costs to 2 decimal places, e.g. 50,250.60 and final answer to 2 decimal places, e.g. 225,125.25.) $