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Develop a cost-estimating equation

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Reference no: EM132071300

Question - Assume the local cable company has the following information available about fleet miles and operating costs for its service department:

Year

Fleet Miles

Operating Costs

2013

247,000

$228,700

2014

363,000

$286,700

Using the high-low method, develop a cost-estimating equation for total annual operating cost?

Reference no: EM132071300

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