You operate a local chain of floral shops.

Month Miles Driven Van Operating Costs (Last 7 months)

January	15,500	5,390
February	17,400	5,280
March	15,400	4,960
April	16,300	5,340
May	16,500	5,450
June	15,200	5,230
July	14,400	4,680

1. Prepare a scatter plot and explain outliers. How strong of a relationship is there between miles driven and van operating costs?

2. High-low method Formula for the variable cost: Change in cost/ Change in volume = Variable cost (slope) Formula for fixed cost: Total operating cost - Total variable cost = fixed cost Final cost equation: y = variable cost*x + fixed cost Operating cost at a volume of 16,500 miles = __________