Question: Read the 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

 Read the requirements. Requirements 1. Using the high-low method, estimate the

Read the 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 Resiling Travel expects each hellicopter to make, on average, 1,700 round-trips in the coming year, what should be its estimated operating budget for the helicopter fleet? Read the 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 Resiling Travel expects each hellicopter to make, on average, 1,700 round-trips in the coming year, what should be its estimated operating budget for the helicopter fleet

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