Kara Woo, owner of Flower Petal, 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. Woo 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 (Click the loon to view the data) Use the high-low method to determine Flower Petals cost equation for van operating costs. Use your results to predict van operating costs at a volume of 16,500 miles Data table Let's begin by determining the formula that is used to calculate the variable cost (slope). Now determine the formule that is used to calculate the fixed cost component Variable cost (slope) Month Miles Driven Van Operating Costs January... 15,500 $5,400 -Fixed cost February 17,500 $5,350 March 14,400 $4,000 Use the high-low method to determine Flower Pete's operating cost equation (Round the variable cost to the nea April 16,400 $5,280 y May 16,000 $5.580 Lise the operating cost equation you determined above to predict van operating costs at a volume of 16,500 miles The operating costs at a volume of 16,500 mi June 15,300 55,010 July 13.500 $4.500 Calculator 2 $ 54 33 E W Q W ASD 6 95 36 6 MacBook Pro Print Done W 8 CHI " D " 9 & 7 8 R T Y U F 61 9 0 G H J KL ' P