Richardson Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its fiteen 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 in the year incurs an average operating cost of $250 per round-trip Read the requirements Requirement 1. Using the high-low method estimate the linear relationship y== bx where y is the total annual operating cost of a helicopter and is the number of round-tripe 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 'o' and "b" represent, then select the costs that correlate with that cost type, use each cost only once. Requirement 3. Richardson Travel expects each helicopter to make, on average, 1,300 round-trips in the coming year what should be its estimated operating budget for the helicopter fleet? Richardson Travel's estimated operating budget for all 15 helicopters in the floot combined should be CH operating cost of $250 per round-trip. velayu operating cost of $385 per round-trip Od, estimate the linear relationship y = a +bX, where y is the total annual operating cost of a helicopter and X is the Requirements th 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 Richardson Travel expects each helicopter to make, on average, 1,300 round-trips in the coming year, what should be its estimated operating budget for the helicopter fleet? ated operat ng Print Done Richardson Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its fitoon helicopters makes between 200 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 in the year incurs an average operating cost of $250 per round-trip Read the requirements Requirement 1. Using the high-low method, estimate the linear relationship ya+bX where yis the total annual operating cost of a helicopter and is the number of round-trips it make to JFK airport during the year. Requirement 2. Give examples of costs that would be included in a and in b. Bogin by selecting which type of costs of and represent, then select the costs that correlate with that cost type, use each coat only once Fixed costs xxpects each helicopter to make on average, 1,300 round-trips in the coming year what should be its estimated operating budget for the helicopter Requin foot? Variable costs Richardson Travel's estimated operating budget for all 15 helicopters in the feet combined should be Richardson Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each o round-trips per year. The records indicate that a helicopter that has made 900 round-trips in the year incurs an average operating round-trips in the year incurs an average operating cost of $250 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 o to JFK airport during the year. e examples of costs that would be included in a and in b. Which type of costs "a" and "b" represent, then sel costs that correlate with that cost type, use each costo $115 "b" = $$250 $$385 $243,000 ichardson Travel expects each helicopter to make, on average, 1,300 round-trips in the coming year, what shou $103,500 estimated operating budget for all 15 helicopters in the fleet combined should be $392,500 X
