2) High- Low Method This table provides information about solid waste collection and disposal for local in United States. Presented is monthly cost and services information for one of them. governments Month Services Total Costs January February 6500 27800 6000 26400 March 4000 20400 April May June 2500 19200 7500 27600 1700 20400 ? July Using the high-low method, develop a cost-estimating equation for total monthly costs. Estimate total costs for July if the services will be 2000. 2000
2) High- Low Method This table provides information about solid waste collection and disposal for local in United States. Presented is monthly cost and services information for one of them. governments Month Services Total Costs January February 6500 27800 6000 26400 March 4000 20400 April May June 2500 19200 7500 27600 1700 20400 ? July Using the high-low method, develop a cost-estimating equation for total monthly costs. Estimate total costs for July if the services will be 2000. 2000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:2) High- Low Method
This table provides information about solid waste collection and disposal for local
in United States. Presented is monthly cost and services information for one of them.
governments
Month
Services
Total Costs
January
February
6500
27800
6000
26400
March
4000
20400
April
May
June
2500
19200
7500
27600
1700
20400
?
July
Using the high-low method, develop a cost-estimating equation for total monthly costs.
Estimate total costs for July if the services will be 2000.
2000
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