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Question: 1 requirements use microsoft excel to run a regression analysis...

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1 Requirements Use Microsoft Excel to run a regression analysis, then do the following 1. Determine the companys cost equation (use the output from the Excel 2. Determine the R-square (use the output from the Excel regression). What does 3. Predict van operating costs at a volume of 16,500 miles assuming the company regression) Flowers 4 Yous R-square indicate? would use the cost equation from the Excel regression regardless of its R-square. Should the company rely on this cost estimate? Why or why not? Print DoneData Table Van Operating Costs $5,400 $5,350 $4,980 $5,280 $5,580 $5,010 $4,590 Month January February March April May June Miles Driven 15,500 17,500 14,400 16,400 16,900 15,300 13,500 Ul Print DoneKara Jungemann, owner of Flowers 4 You, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Jungemann wants to set the delivery fee based on the distance driven to deliver the flowers. Jungemann wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past seven months: (Click the icon to view the data.) Read the requirements Requirement 1. Determine the companys cost equation (use the output from the Excel regression). (Round the amounts to two decimal places.) $ | 0.19| x+5 | 2025

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