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Estimate the cost formula for x-ray costs

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Reference no: EM132586998

The number of X-rays taken and X-ray costs over the last nine months in Beverly Hospital are given below:

Month                   X-Rays Taken               X-Ray Costs

January                   6,250                        $28,000

February                  7,000 $                      29,000

March                     5,000                           $23,000

April                         4,250                           $20,000

May                           4,500                         $22,000

June                        3,000                           $17,000

July                            3,750                         $18,000

August                          5,500                         $24,000

September                   5,750                         $26,000

Required:

Question 1. Using the high-low method, estimate the cost formula for X-ray costs

Reference no: EM132586998

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