Richardson Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New...

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Richardson Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 8 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 X is the number of round-trips it makes to JFK airport during the year. 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. Requirement 3. If Richardson Travel expects each helicopter to make, on average, 1,500 round-trips in the coming year, what should its estimated operating budget for the helicopter fleet be? Richardson Travel's estimated operating budget for all 8 helicopters in the fleet combined should be Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later 6 W MacBook Pro Once you view the be able to go back Aa Richardson Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 8 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 X is the number of round-trips it makes to JFK airport during the year. 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. Requirement 3. If Richardson Travel expects each helicopter to make, on average, 1,500 round-trips in the coming year, what should its estimated operating budget for the helicopter fleet be? Richardson Travel's estimated operating budget for all 8 helicopters in the fleet combined should be Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later 6 W MacBook Pro Once you view the be able to go back Aa