Rapp Travel offers helicopter service from suburban towns to John F. Kennedy Intemational Airport in New York City. Each of its ffiteen helicopters makes between 1,200 and 1,700 round-trips per year. The records indicate that a helicopter that has made 1,200 round-trips in the year incurs an average operating cost of $900 per round-trip, and one that has made 1,700 round-trips in the year incurs an average operating cost of $700 per round-trip. Read the requirements Requirement 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 is the number round-trips it makes to JFK airport during the year. Requirements $220 S$700 S$900 1. Using the high-low method, estimate the linear relationship y=8+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 Rapp Travel expects each helicopter to make, on average. 1,500 round-trips in the coming year, what should be its estimated operating budget for the helicopter fleet? $816,000 $110,000 $1,146,000 Print Done