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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 5,120 $ 67,900
February 5,400 $ 70,530
March 4,695 $ 61,932
April 4,290 $ 56,782
May 4,425 $ 59,041
June 3,600 $ 48,570
July 4,020 $ 53,212
August 5,315 $ 69,419
September 5,245 $ 69,025

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 4,410 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.)

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