Question: Please answer and explain the second and third questions Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department

 Please answer and explain the second and third questions Scatter Diagrams

Please answer and explain the second and third questions

Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-ofway along county roads. The County Road Commissioner has asked you to help her in determining the vabiable lab mowing and cleaning a mile of road. The following information is available regarding current-year operations: Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. =+ Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. =+] Adjust the equation developed in requirement (b) to incorporate the effect of an anticipated 5% increase in wages. =++] Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-ofway along county roads. The County Road Commissioner has asked you to help her in determining the vabiable lab mowing and cleaning a mile of road. The following information is available regarding current-year operations: Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. =+ Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. =+] Adjust the equation developed in requirement (b) to incorporate the effect of an anticipated 5% increase in wages. =++]

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