Roy Travel oblers heicepter secvice from suburtion bowns to John F. Kennedy intornational Aiport in Now York Cty Each of its nine helicopien makes between 1, aso and 2, 100 round trips per year The records indicate that a helicepter that has made 1,350 round-trips in the yed incurs an average operating cost of $450 per round trip, and one that has made 2,100 round trips in the year incurs an average operating oost of $350 per round trip. Read the reaveremetis Requirement 1, Using the high-low method, estmate the linear celasonship y=a+bx, where y is the total acrual operating cont of a helicopler and X is the number of round thps it makes io sFC arport during the year. 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 Roy Travel expects each helicopter to make, on average, 1,700 round-trips in the coming year, what should be its estimated operating budget for the helicopter fleet? Roy Travel oflers helicopter cervice from suburban towns to John F. Kennedy Intemationsi Auport in New York Gity, Each of its nine helicoplers makes between 1,350 and 2,100 round-erpos per yea The records indicate that a helcopler that has made 1,350 round an avverage operating cost of $350 per round.trip. Read the reauirements. Requirement 1. Using the hightow method, estimate the linear felatonshe y=a+bx, whene y is the fotal annual operating cost of a helicgpher and X is the number of rounst airport during the year