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The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month Blood Tests Performed

The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below:

Month Blood Tests Performed Blood Test Costs
January 5,115 $ 58,968
February 6,600 $ 73,640
March 4,565 $ 52,478
April 4,015 $ 46,440
May 4,175 $ 48,746
June 3,300 $ 39,320
July 3,875 $ 44,752
August 5,010 $ 56,890
September 5,045 $ 57,958

Required:

1. Using the highlow method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.)

2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 4,455 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.)

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