Question Help Adam Cliton, financial Analyst at MVR Corporation, is examining the behavior of quarterlylly costs for budgeting purposes. Gitton collects the following data on machine hours worked and will costs for the past quarters Cd the loan to www data) Read the rest Reglement 1. Estimate the cost and for the quarterly data using the high low method Complete all above) 512 000 Data Table - X Regurements X Quarter Our 1 Quarter 2 hal Credit 1. Estimate the confunden for the data using the high low method 2. Pot and comment on the imated cost function 3. Gibbon anticipates that MVR wil operate machines for 1000 hours in quas Calculate the predicted lasting using the cont function ested in regiment ! Quarter Queriler 4 Machine Hours Utility Costs 100,000 $ 235.00 55 000 170.000 90,000 220.000 105.000 250 000 70 000 150.000 95,000 230,000 85000 245.000 00.000 215.000 Quarters Quae Quarter Quad Print Done Print Dane E10-35 (similar to) Question Help Adam Gibbon, financial analyst at MVR Corporation, is examining the behavior of quarterly utility costs for budgeting purposes. Gibbon collects the following data on machine-hours worked and utility costs for the past 8 quarters: Click the icon to view the data.) Read the requirements. Requirement 1. Estimate the cost function for the quarterly data using the high-low method. (Complete all answer boxes.) $82,000 1 Data Table Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 5 Quarter 6 Quarter 7 Quarter 8 Machine Hours Utility Costs 100,000 $ 235,000 55,000 170,000 90,000 220,000 105,000 250,000 70,000 190,000 95,000 230,000 85,000 245,000 80,000 215,000 Print Done Requirements 1. Estimate the cost function for the quarterly data using the high-low method, 2. Plot and comment on the estimated cost function. 3. Gibbon anticipates that MVR will operate machines for 105,000 hours in quarter 9. Calculate the predicted utility costs in quarter 9 using the cost function estimated in requirement 1. Print Done