Karen Coughlin, owner of Tulip Time, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery tee, Coughlin wants to set the delivery fee based on the distance driven to deliver the lowers Coughlin wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance alects these costs She has the following data from the past seven months (Click the icon to view the data) 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 18 500 miles Let's begin by determining the formula that is used to calculate the variable cost (slope) Change in cost Change in volume Variable cost slope) * Data Table - Now determine the formula that is used to calculate the fixed cost component Total aperating cost . Total variable cost = Fixed cost Month Miles Driven January Use the high low method to determine Tulip Time's operating cost equation (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar y=$ 024 x +$ 1200 February 15,700 16,500 14,500 March Van Operating costs $5,350 $5,160 $4,960 $5320 $5,500 $5050 $4,560 Use the operating cost equation you determined above to predict van operating costs at a volume of 16,500 miles April 16000 The operating costs at a volume of 16,500 miles is $ 5160 June 16,300 15,100 14,000 Print Done