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Assume the local DHL delivery service hub has the following information available about fleet miles and operating costs: Year Miles Operating Costs 2010 554,000 $179,000

Assume the local DHL delivery service hub has the following information available about fleet miles and operating costs:

Year Miles Operating Costs

2010 554,000 $179,000

2011 674,000 215,000

Use the high-low method to develop a cost-estimating equation for total annual operating costs. (Let X = annual fleet miles.)

Total annual costs = ? + ? *X

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