Question

Recent monthly costs of providing on-board flight service incurred by New England Airlines are shown in the following table.


Required:
1. Build a spreadsheet: Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior of the airline’s on-board flight service. Express the cost behavior in equation form.
2. Use Excel to calculate and interpret the R2 value for theregression.


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  • CreatedApril 22, 2014
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