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Problem 1 The following is information for the first quarter of 2020 for Furman Flower Cart. Required: Using the high-low method to estimate the regression

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Problem 1 The following is information for the first quarter of 2020 for Furman Flower Cart. Required: Using the high-low method to estimate the regression equation of y = ax + b, estimate each cost incurred by Furman Flower Cart for each bouquet sold. January Month in 2020 Bouquets Sold February 5,000 March 7,000 3,000 $ 9,000 Balloons (10 per bouquet) $15,000 $21,000 Delivery $5,300 $ 8,300 $11,300 Employee compensation $11,000 $15,000 $19,000

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