Scattergraph Method. Refer to the data in the previous exercise for the city of Rockville.

[Required] Use the scattergraph method to estimate total fixed costs per year and the variable cost per mile. State your results in the cost equation form Y = f + vX by filling in the dollar amounts for f and v.

[Required] What would the estimated costs be if the trucks drove 500,000 miles in year 7?

PLEASE DRAW THE SCATTERGRAPH, DO NOT JUST WRITE THE SOLUTION WITHOUT DRAWING THE GRAPH!

Reporting Period (Year)Total CostsLevel of Activity (Miles Driven)