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Required information Skip to question [The following information applies to the questions displayed below.] Travis Metals heats copper ingots to a high temperature by placing

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[The following information applies to the questions displayed below.]

Travis Metals heats copper ingots to a high temperature by placing them in a large oven. The heated ingots are then run through a shaping machine that forms them into wire. Due to the length of time it takes the oven to heat up, it is never turned off. When the ingots are placed in the oven the temperature is raised to a higher level. Once they are done being heated the oven temperature is turned back down until a new batch of ingots is ready to be heated. The following information shows the ingots processed and the power costs over the past 10 months.

Month Ingots Power Cost
January 132 $ 6,380
February 112 $ 5,380
March 102 $ 5,280
April 122 $ 5,880
May 152 $ 6,880
June 142 $ 6,480
July 92 $ 4,880
August 82 $ 4,080
September 72 $ 4,280
October 62 $ 3,280

Required:

2. Using the highlow method, estimate a cost formula for power costs. Express the formula in the formY=a+bX.

3. Predict total power costs in a month when 162 ingots are processed.

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