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Rabuet Travel offers helicopter service from suburban towns to John F. Kennedy Intemational Airport in New York City Each of As twolve helicopters makes betwoen
Rabuet Travel offers helicopter service from suburban towns to John F. Kennedy Intemational Airport in New York City Each of As twolve helicopters makes betwoen 900 and 1,800 round-trips per year. The pocorits incicate that a helicopter that has made 900 round trips in the year incurs an average operating cost of $385 per round-trip, and one that has made 1,800 round thiph in the year incurs an average operating cost ol $250 per round-trip. Read the regirements Requirement 1 , Uting the high-low method, estimate the linear relationship y * a+bX, where y is the total annual cpeinting cost of a holicopter and X is the number of rounditrips it makes to JFK airport during the year. Requirements 1. Using the high-low method, estimate the linear relationship y=a+bX, where y is the total annual operating cost of a helicopter and X is the number of round-trips it makes to JFK airport during the year. 2. Give examples of costs that would be included in a and in b. 3. If Rabuet Travel expects each helicopter to make, on average, 1,300 round-trips in the coming year, what should be its estimated operating budget for the helicopter fleet
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