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Karen Chen, owner of Rose Ready, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Chen wants to set the delivery fee based on the distance driven to deliver the flowers. Chen wants to separate the foxed 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 Rose Ready's cost equation for van operating costs. Use Let's begin by determining the formula that is used to calculate the variable cost (slope). Data Table Change in cost Change in volume = Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Month Miles Driven Van Operating costs Total operating cost Total variable cost Fixed cost January 15.900 $5,420 February... 18,000 $5,460 Use the high-low method to determine Rose Ready's operating cost equation. (Round the variat March 15.300 $5,100 y=$ April 16,300 $5.290 May 17,000 $5,520 Use the operating cost equation you determined above to predict van operating costs at a volum June 15,700 $5,150 The operating costs at a volume of 14,500 miles is $ July 15.000 $4,950 Print Done Choose from any list or enter any number in the input fields and then continue to the next question TWO 2020 POSTS Reserved