Question 3. Wollongong Fitness Centre opened a fitness centre at the central of Wollongong city since last year. For the past 9 weeks, the manager did not estimate any costs, but instead hoped revenue would cover the costs. You are a new staff, an accounting student at VOW, suggests the manager to take the past weekly known costs and try to determine a cost equation by relating the cost to the number of clients. The manager of the centre agreed and collected the data as follows: WEEK Number of clients Total costs 2.710 12,675 2.810 13.000 W N 4,153 17.653 4 3,756 15.825 2.912 13,125 6 3,387 13,814 3.622 15.300 2,298 10,233 3.562 14.950 Required ((show your workings and round it to the nearest two decimal places)): (a) Estimate the cost equation using the High-Low method. (5 mar (b) Estimate the cost equation using the Regression method. (10 mar (c) Estimate the cost of the restaurant for week 11 using both regression and (5 mark-, high-low methods. The number of customers for week 11 is expected to be 950. Comment on the accuracy of your high-low estimates. ANSWER 3: PLACE YOUR ANSWER HERE (PRESS ENTER TO CREATE MORE SPACE)