Ramone Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 11 helicopters makes between 800 and 1,600 round-trips per year. The records indicate that a helicopter that has made 800 round-trips in the year incurs an average operating cost of $800 per round-trip, and one that has made 1,600 round-trips in the year incurs an average operating cost of $650 per round-trip. Requirement 1. Using the high-low method, estimate the linear relationship ya+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. $240,000 + $500 X Requirement 2. Give examples of costs that would be included in a and in b Begin by selecting which type of costs "a" and "b" represent, then select the costs that correlate with that cost type, use each cost only once. Fixed costs Salaries Depreciation Insurance Variable costs Fuel Landing fees Baggage handing Requirement 3. If Ramone Travel expects each helicopter to make, on average, 1,100 round-trips in the coming year, what should its estimated operating budget for the helicopter fleet be? Ramone Travel's estimated operating budget for all 11 helicopters in the fleet combined should be $ Help me solve this Video Get more help - Clear all Check