Wayne Muotter, financial analyst at CELL Corporation is examining the behavior of quarterly utility costs for budgeting purposes Mueller collects the following cots on machine-hours worked and utility costs for the past 3 quartos Click the icon to view the data) Read the famicoman Requirement 1. Estimate the cost function for the quarterly data using the high low method (Comokitowanswer boxos) the past 8 quarters Data Table Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 Machine-Hours Utility Costs 120,000 $ 215,000 75,000 150,000 110,000 200,000 150,000 270,000 90,000 170,000 140,000 250,000 130,000 225,000 100.000 195,000 Quarter 5 Quarter 6 Quarter 7 Quarter 8 Print Done Cle ages Get More Help . Requirements 1. Estimate the cost function for the quarterly data using the high-low method 2. Plot and comment on the estimated cost function 3. Mueller anticipates that CELL will operate machines for 125,000 hours in quarter 9. Calculate the predicted utility costs in quarter 9 using the cost function estimated in requirement 1. Print Done