Requirements a 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 Ramone Travel expects each helicopter to make, on average, 1,300 round-trips in the coming year, what should its estimated operating budget for the helicopter fleet be? Print Done Ramon Treffers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 8 helicopters makes between 900 and 1,800 round-trip per year. The records indicate that a hercopter at has made 900 round-trips in the year incur an average operating cost of $305 per round-trip, and one that has made 1800 round-trips in the year incur an average operating cost of $250 por round Requirement. Using the High low method estimate the near relationship yaxwhere is the total anual operating cost of articopter and is the number of round-trips it makes to JFK uport curing the year, ACCT 3270 - Cost Accounting (1) Gm BASHAR ISEID & 11/16/21 2:43 PM St = Homework: Chapter ... Question 2, E10-27 (simi... HW Score: 50%, 1 of 2 points Part 1 of 3 Save O Points: 0 of 1 Ramone Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its & helicopters makes between 900 and 1,800 round-trips per year. The records indicate 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-trips n the year incur an average operating cost of $250 per round-trip Read the requiremena til Requirement 1. Using the high-low method, estimate the linear relationshipya+bx.where y in the total annual operating cost of a helicopter and X is the number of round-trips it makes to JFK airport during the year 20 ti