Week Beginning Photos Processed Total Cost

$2/28,000$ $$16,000$

$2/94,500$ $$10,000$

$2/167,000$ $$12,500$

$2/2310,000$ $$15,500$

$3/23,750$ $$7,000$

$3/96,000$ $$12,500$

$3/163,000$ $$8,500$

$3/235,000$ $$11,500$

Part $1$: Using the high$-$low method, complete the following:

Give the model that predicts cost $-$ appropriately label the variables.

What would you expect total fixed costs to be with $5,600$ pictures processed?

What would you expect total variable costs to be with $5,600$ pictures processed?

What would you expect the total costs to be with $5,600$ pictures processed?

Part $2$: Using least square regression, complete the following:

Give the model that predicts cost $-$ appropriately label the variables.

Using the model from #$2,$ what would you expect total fixed costs to be with $5,600$ pictures processed?

Using the model from #$2,$ what would you expect total variable costs to be with $5,600$ pictures processed?

Using the model from #$2,$ what would you expect total costs to be with $5,600$ pictures processed?