K Chad Miller, financial analyst at ABC Corporation, is examining the behavior of quarterly utility costs fo lity costs for the past 8 qui Data table - Quarter Machine-Hours Utility Costs Quarter 1 110,000 $ 205,000 gh-low method. (Complet Quarter 2 65,000 140,000 Quarter 3 100,000 190,000 Quarter 4 125,000 245,000 Quarter 5 80,000 160,000 Quarter 6 115,000 225,000 Quarter 7 105,000 215,000 Quarter 8 90,000 185,000 Print Done HW Part 1 of 5 Score: 46.29%, 46.29 Points: 0 of 14 100 points Save Chad Miller, financial analyst at ABC Corporation, is examining the behavior of quarterly utility costs for budgeting purposes. Miller collects the following data on machine-hours worked and utility costs for the past 8 quarters: (Click the icon to view the data.) Read the requirements. Requirement 1. Estimate the cost function for the quarterly data using the high-low method. (Complete all answer boxes.) + $1.75 (Click the icon to view the data.) Read the requirements. Requirement 1. Estima Requirements 1. Estimate the cost function for the quarterly data using the high-low method. 2. Plot and comment on the estimated cost function. 3. Miller anticipates that ABC will operate machines for 115,000 hours in quarter 9. Calculate the predicted utility costs in quarter 9 using the cost function estimated in requirement 1. Print Done -