Business, 21.04.2020 01:28 bentleyking1k

Richardson Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 15 helicopters makes between 1,000 and 2,000 round-trips per year. The records indicate that a helicopter that has made 1,000 round-trips in the year incurs an average operating cost of $350 per round-trip, and one that has made 2,000 round-trips in the year incurs an average operating cost of $300 per round-trip.

Using the high-low method, estimate the linear relationship y equals a plus bX, where y is the total annual operating cost of a helicopter and X is the number of round-trips it makes to JFK airport during the year.

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Richardson Travel offers helicopter service from suburban towns to John F. Kennedy International Air...

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