Alice Battle, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Battle wants to set the delivery fee based on the distance driven to deliver the flowers. Battle wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past 7 months: BEE (Click the icon to view the data.) February and May are always Flower Hour's biggest months because of Valentine's Day and Mother's Day, respectively. Use the high-low method to determine Flower Hour's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 17,500 kilometres. Let's begin by determining the formula that is used to calculate the variable cost (slope). Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Fixed cost Use the high-low method to determine Flower Hour's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) Use the operating cost equation you determined above to predict van operating costs at a volume of 17,500 kilometres. The operating costs at a volume of 17,500 kilometres is $ Choose from any drop-down list and then continue to the next question. has the following data from the past 7 months: con ay a w me at a i Data Table - X res to deter Month Kilometres Driven Van Operating Costs January 16,400 $5,480 February. 1.500 5,400 e the f March.. 15,000 4,950 April 16,100 5,270 -low me May..... 17,300 5,740 the nea d cost June.. 15,600 5,440 July. 14,500 4,680 erating co kilometre ing costs Print Done