High-Low Method Wyoming Wholesale has gathered the following data on the number of shipments received and the cost of receiving reports for the first seven weeks of the year. Number of Shipments Received Weekly Cost of Receiving Reports 350 300 280 245 371 $1.225 1,334 1,078 994 1,295 1,400 1,414 406 20 a Using the high-low method, develop the equation for predicting wedly receiving report costs based on the number of shipments received. yes b. What is the predicted amount of receiving report costs for a week in which 504 shipments are received? Note: Round to the nearest whole dollar Check