What blood test costs would you expect to be incurred

Reference no: EM132707191

Question - The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below:

Month Blood Tests Performed Blood Test Costs

January 5,120 $67,900

February 5,400 $70,530

March 4,695 $61,932

April 4,290 $56,782

May 4,425 $59,041

June 3,600 $48,570

July 4,020 $53,212

August 5,315 $69,419

September 5,245 $69,025

Required -

1. Using the high-low method, estimate the cost formula for blood tests.

2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 4,410 blood tests are performed?

Reference no: EM132707191

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