Kristen Jungemann, owner of Flower Power, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Jungemann wants to set the delivery fee based on the distance driven to deliver the flowers. Jungemann 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 icon to view the data.) Use the high-low method to determine Flower Power's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 17,000 miles. Let's begin by determining the formula that is used to calculate the variable cost (slope). Data table = Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Month Miles Driven Fixed cost Van Operating costs $5,200 January 15,400 Use the high-low method to determine Flower Power's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) February 17,900 $5,480 y = X + March 15,200 $4,980 April 15,800 $5,350 Use the operating cost equation you determined above to predict van operating costs at a volume of 17,000 miles. 16,900 $5,620 The operating costs at a volume of 17,000 miles is May June 16,000 $5,300 July ......... 14.500 $4,800 Print Done