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Use the High low method to determine the cost equation that expresses how monthly operating costs behave in relation to the number of trips made.
Use the High low method to determine the cost equation that expresses how monthly operating costs behave in relation to the number of trips made. State the resulting high-low equation and define the x and y variables in the equation. Usint eh resulting equation to predict operating costs for a month in which 1,000 trips are made.
| Number of Trips | Operating Costs | |
| January | 705 | $29,965.00 |
| February | 710 | $27,910.00 |
| March | 950 | $33,503.00 |
| April | 670 | $26,312.00 |
| May | 504 | $25,160.00 |
| June | 880 | $29,605.00 |
| July | 685 | $21,496.00 |
| August | 610 | $27,320.00 |
| September | 744 | $28,247.00 |
| October | 1,020 | $37,511.00 |
| November | 1,074 | $30,974.00 |
| December | 1,050 | $34,987.00 |
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