campus copy and printing wants to predict copy machine repair expense at different levels of copying activity
Month Repair Expense Copies Made
May $8500 300,000
June 12,500 500,000
July 20,500 900,000
Aug 16,500 700,000
Sept 10,500 400,000
I need help determining the fixed and variable components of repair expense using the high-low methods. I need to use copies made as the measure of activity