Alice Reynolds, owner of Tulip Time, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Reynolds wants to set the delivery fee based on the distance driven to deliver the flowers. Reynolds 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 seven months E (Click the icon to view the data.) February and May are always Tulip Time's biggest months because of Valentine's Day and Mother's Day, respectively. Use the high-low method to determine Tulip Time's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 17.000 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 Tulip Time's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar) y=$(x+$. Use the operating cost equation you determined above to predict van operating costs at a volume of 17,000 kilometres. The operating costs at a volume of 17,000 kilometres is $ idterm Time Rema 27 of 66 (20 complete) operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a distance driven to deliver the flowers. Reynolds wants to separate the fixed and variable portions distance affects these costs. She has the following data from the past seven months: ta.) Tim i Data Table ne T Ing ca la ti Month Kilometres Driven Van Operating costs $5,350 January February March 15,700 16,500 14,500 5,160 sed 4,960 5,320 April May me T the 16,000 16,300 15,100 14,000 5,500 5,050 June July 4,560 det 17.0 Print Done nd then continue to the next question. A Message Yesterday