The Nick's Hotel has 100 standard rooms. The accounting records shows following monthly costs during the past 5 months: Month January February March Rooms Rented 75 80 65 April May The manager expects 100% occupancy rate for June. 72 85 Costs $6,825 7,200 6,075 6,600 7,575 Required: Predict the expected total costs for June. Step 1: Estimate the cost function for occupancy costs. Step 2: Using the estimated cost equation to predict the expected full occupancy cost for June.