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Develop a cost-estimating equation

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Reference no: EM133155068

Question - High-Low Cost Estimation - Assume the local YRC Worldwide delivery service hub has the following information available about fleet miles and operating costs:

Year

Miles

Operating Costs

Year 1

695,000

$219,500

Year 2

855,000

267,500

Required - Use the high-low method to develop a cost-estimating equation for total annual operating costs.

Reference no: EM133155068

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