Help Alice Woo, owner of Tulp Time, operates a local chain of floral shops. Each shop has its own delivery van instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers. We want 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 (Click the icon to view the data) February and May are always Tulp 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 16.000 Let's begin by determining the formula that is used to calculate the variable cost (slope) Now determine the formula that is used to calculate the fixed cost component Fixed co Use the high-low method to determine Tulp Time's operating cost equation (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar) Use the operating boot equation you determined above to predict van operating costs at a volume of 16.000 The operating costs at a volume of 16,000 mi Alice Woo, 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, Woo wants to set the delivery fee based on the distance driven to del separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery (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, res Use the high-low method to determine Tulip Time's cost equation for van operating costs. Use your results to Data Table Change in cost Let's begin by determining the formula that is used to calculate the variable cost (slope) Change in volume Highest cost Highest volume hat is used to calculate the fixed cost component Month Kilometros Driven Van Operating Costs Variable cost (slope) January 16,500 $5.260 February 18.500 5.730 March 16.100 4.000 Fixed cost Apr 17.100 5420 determine Tulip Time's operating cost equation (Round the variable cost to the May 17,500 5,790 June 15,000 5.300 Lowest cost Lowest volume July 15.500 5,040 tion you determined above to predict van operating costs at a volume of 16,000 Total operating cost Total variable cost me of 16,000 kilometres in S Print Done