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A following construction worker is trying to estimate the cost function for painting jobs. He has the following information: House Square feet(x) Cost(Y) 1 2,600
A following construction worker is trying to estimate the cost function for painting jobs. He has the following information:
House Square feet(x) Cost(Y)
1 2,600 $3,300
2 4,100 5,700
3 2,800 3100
4 2850 3150
5 4200 4700
6 2700 3250
7 2375 2800
8 2450 2600
9 2200 2700
10 3700 4100
Using the high-low method, calculate the variable cost per square foot and fixed cost.
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