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Kasandra Associates provides executive coaching services to Fortune 100 senior executives. Her team charges $190 per hour to provide coaching when firms prepay for 20 sessions. The following table shows Kasandra Associates' total number of hours of coaching provided per month and the firm's costs per month for the past year:

	Client Hours	Cost
January	190	100,060
February	170	97,100
March	200	101,620
April	211	102,024
May	235	104,024
June	285	109,060
July	310	111,450
August	240	108,840
September	219	102,360
October	185	99,400
November	175	98,000
December	180	98,580

Required:

1) Use the high-low method to estimate fixed and variable costs using the y=a + bx formula.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91016484

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