Question

Valerie owns a flower shop. She has a van to deliver flowers.
Use the following data to answer the FOUR questions below.
		Van Operating Costs
Month	Miles	Costs
January	16,000	$            5,490
February	17,500	$            5,700
March	14,900	$            4,910
April	16,200	$            5,340
May	16,900	$            5,820
June	15,100	$            5,410
July	14,500	$            4,920
August	16,000	?
Show your work:

1. What is Valeries's van operating cost formula using the high-low method?

2. How much does Valerie project here August van operating cost to be using the high-low method (to the nearest$)?

3. What is Valeries's van operating cost formula using regression?

4. How much does Valerie project here August van operating cost to be using regression (to the nearest $)?

Answer 1