Question

Resling Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 14 helicopters makes between 1,300 and 2,300 round-trips per year. The records indicate that a helicopter that has made 1,300 round-trips in the year incurs an average operating cost of $600 per round-trip, and one that has made 2,300 round-trips in the year incurs an average operating cost of $450 per round-trip. Read the requirements Requirement 1 Using the high-low method, estimate the linear relationship y=a + b makes to JFK airport during the year, where y is the total annual operating cost o a helicopter and Xis he number o round-trips it Requirement 2. Give examples of costs that would be included in a and in b Begin by selecting which type of costs "a" and "b" represent, then select the costs that correlate with that cost type, use each cost only once Requirement 3. If Resling Travel expects each helicopter to make, on average, 1,700 round-trips in the coming year, what should its estimated operating budget for the helicopter fleet be? Resling Travel's estimated operating budget for all 14 helicopters in the fleet combined should be$ L.

Answer 1