Problem: The cafeteria at XYZ University has experienced the following costs and number of meals served from January through September of 200x: Month Cafeteria Costs/Meals Served January $35,800/9,800 February 34,400/9,000 March 36,920/9,800 April 38,280/10,200 May 44,805/13,500 June 34,700/9,200 July 36,344/9,695 August 43,882/12,211 September 41,128/11,523 The cost function derived using the high-low method, which can be used to estimate the costs of running the cafeteria is:
a. $10,733+$2.66X
b. $10,337 + $2.312X
c. $5,290+$2.312X
d. $13,590+$2.312X