Reliable Movers Inc.documented the miles driven and total moving van costs for the past five months as follows:
$$\begin{array} { l c c }
& \text { Number af miles } & \text { Total vehicle costs } \
\hline \text { January } & 3000 & \$ 4800 \
\text { February } & 3500 & 5200 \
\text { March } & 5000 & 6100 \
\text { April } & 4000 & 5000 \
\text { May } & 6000 & 6000
\end{array}$$
In order to budget total vehicle costs for the upcoming summer months,Reliable wishes to estimate total vehicle costs using the high/low method.
Required:
A. What is the equation to predict estimated total vehicle costs?
B. If the company expects to drive 9000 miles in June, what will be the estimated total vehicle costs?

Question

Reliable Movers Inc.documented the miles driven and total moving van costs for the past five months as follows:
$$\begin{array} { l c c } 
& \text { Number af miles } & \text { Total vehicle costs } \
\hline \text { January } & 3000 & \$ 4800 \
\text { February } & 3500 & 5200 \
\text { March } & 5000 & 6100 \
\text { April } & 4000 & 5000 \
\text { May } & 6000 & 6000
\end{array}$$ 
In order to budget total vehicle costs for the upcoming summer months,Reliable wishes to estimate total vehicle costs using the high/low method.
Required:
 A. What is the equation to predict estimated total vehicle costs?
B. If the company expects to drive 9000 miles in June, what will be the estimated total vehicle costs?

Quizplus · Accepted Answer

The Answer of Reliable Movers Inc.documented the miles driven and total moving van costs for the past five months as follows:
$$\begin{array} { l c c } 
& \text { Number af miles } & \text { Total vehicle costs } \
\hline \text { January } & 3000 & \$ 4800 \
\text { February } & 3500 & 5200 \
\text { March } & 5000 & 6100 \
\text { April } & 4000 & 5000 \
\text { May } & 6000 & 6000
\end{array}$$ 
In order to budget total vehicle costs for the upcoming summer months,Reliable wishes to estimate total vehicle costs using the high/low method.
Required:
 A. What is the equation to predict estimated total vehicle costs?
B. If the company expects to drive 9000 miles in June, what will be the estimated total vehicle costs?

Reliable Movers Inc In Order to Budget Total Vehicle Costs for the Upcoming