# math

posted by .

am not even sure where to get started on this.
Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes
between 1,000 and 2,000 round-trips per year. The records indicate that a helicopter that has made 1,000 round-trips in the year incurs an average operating cost of \$300 per round-trip, and one that has made 2,000
round-trips in the year incurs an average operating cost of \$250 per round-trip.
1. Using the high-low method, estimate the linear relationship y = a + bX, where y is the total annual operating cost of a helicopter and X is the number of round-trips it makes to JFK airport during the year.
2. Give examples of costs that would be included in a and in b.
3. If Reisen Travel expects each helicopter to make, on average, 1,200 round-trips in the coming year, what should its estimated operating budget for the helicopter fleet be?

How would you determine the most important cost driver when estimating cost functions in the case of Reisen Travel? Identify the cost driver and how it would impact Reisen’s operating budget.

• math133 -

Measure the distance of the diagonal (from one corner to the opposite corner) of the screen on your computer monitor to the nearest tenth of a centimeter or sixteenth of an inch. Measure the height of the screen along the vertical as well. Use the Pythagorean theorem to find the width along the horizontal

## Respond to this Question

 First Name School Subject Your Answer

## Similar Questions

1. ### math

One of the world's largest stained-glass windows is at Kennedy International Airport in New York. It is a rectangle with a height to length ratio of 2 to 25. If the window is 24 feet high, how long is it?
2. ### Cost Accounting

Estimating a cost function, high-low method?
3. ### Accounting

I am not even sure where to get started on this. Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes between 1,000 and 2,000 round-trips …
4. ### math

Estimating a cost function, high-low method. Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes between 1,000 and 2,000 round-trips …
5. ### accounting

Estimating a cost function, high-low method. Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes between 1,000 and 2,000 round-trips …
6. ### accounting

Estimating a cost function, high-low method. Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes between 1,000 and 2,000 round-trips …
7. ### Math

Scott can travel from Rochester, N.Y., to New York City by bus, train, car, or airplane. He can travel from New York to London, England, by airplane or ship. 1. If Scott must return from London to New York by airplane, and from New …
8. ### history

With over eight million people, New York City is the most heavily populated city in the U.S. Between 1800 and 1900, the population of New York increased from about 80,000 to over three million people. In the years after the Civil War, …
9. ### History

13.)With over eight million people, New York City is the most heavily populated city in the U.S. Between 1800 and 1900, the population of New York increased from about 80,000 to over three million people. In the years after the Civil …
10. ### algebra

The airline cost for x passengers, measured in thousands of passengers, to travel round trip from New York to Atlanta is given by c(x)=^0.3x+1 where (c)x is measured in millions of dollars and x>0 Find the airline’s cost for 10,000 …

More Similar Questions