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Roy Travel oflers helicopter service trom suburban towns to John F. Kennedy internasonal Aiport in Now York City. Each of its nine helicopters makes between

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Roy Travel oflers helicopter service trom suburban towns to John F. Kennedy internasonal Aiport in Now York City. Each of its nine helicopters makes between 1350 and 2,100 round-trps per year. The records indicate that a helicopter that has made 1,350 round trps in the year incurs an average operating cost of 5450 per round trig, and one that has made 2,100 round trips in the year incurs an average operating cost of $350 per round tirg Read the reauirerents Requirement 1. Using the high-low method, estimate the lnear relationship y=a+bX, where y is the total annual cperating cost of a helicopter and X is the number of round-trips it makns 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. 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

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