Question

Assume that Flower Power does a regression analysis on the next year’s data using Excel. The output generated by Excel is as follows:



Requirements
1. Determine the firm’s cost equation (use the output from the Excel regression).
2. Determine the R- square (use the output from the Excel regression). What does Flower Power’s R- square indicate?
3. Predict van operating costs at a volume of 15,500miles.


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  • CreatedAugust 27, 2014
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