Question: please do all the requirements Requirements Using the high-low method, estimate the linear relationship y = a + bX, where y is the total annual
- Using the high-low method, estimate the linear relationship y = a + bX, where y is the total annual operating cost of a helicopter and X is the number of round-trips it makes to JFK airport during the year.
- Give examples of costs that would be included in a and in b.
- If Roche Travel expects each helicopter to make, on average, 1,200 round-trips in the coming year, what should be its estimated operating budget for the helicopter fleet?

Roche Travel offers heliceptar service trom suburban towns to John E. Kannedy Intwmasional Airport in New York Cty. Each of iss eloven heliesplers makes between 900 and 1.500 round-tigs per year. The records indicate that a helioopter that has made 900 round-trips in the year incura an average cperating cost of $750 per round-trp. and one that has made 1,500 reund-trips in the year incurs an average operating cost of $600 per round trip. Resed the tequirements, Requirement 1. Using the highilow methed, estimale the Inear relabionship y=a+bX, where y is the total annual operating cost of a holicopter and X is the number of round-trips if makes to sf aimport during the yeaf. records indicate that a helicopter that has made 900 round-trips in the year incurs an average operating cost of $750 per round-trip, an average operating cost of $600 per round-trip. requirements. Requirements 1. Using the high-low method, estimate the linear relationship y=a+bX, where y is the total annual operating cost of a helicopter and X is the number of round-trips it makes to JFK airport during the year. 2. Give examples of costs that would be included in a and in b. 3. If Roche Travel expects each helicopter to make, on average, 1,200 round-trips in the coming year, what should be its estimated operating budget for the helicopter fleet
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