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Ramsay Travel offers helicopter service from suburban towns to John F . Kennedy International Airport in New York City. Each of its thirteen helicopters makes
Ramsay Travel offers helicopter service from suburban towns to John F Kennedy International Airport in New York City. Each of its thirteen helicopters makes between and roundtrips per year. The records indicate that a helicopter that has made roundtrips in the year incurs an average operating cost of $ per roundtrip, and one that has made roundtrips in the year incurs an average operating cost of $ per roundtrip.
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Requirement Using the highlow method, estimate the linear relationship where is the total annual operating cost of a helicopter and is the number of roundtrips it makes to JFK airport during the year.
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