Question

Refer to the Flower Power data in E6- 26A. Use Microsoft Excel to do the following:

Requirements
1. Run a regression analysis.
2. Determine the company’s cost equation (use the output from the Excel regression).
3. Determine the R- square (use the output from the Excel regression). What does Flowers Power’s R- square indicate?
4. Predict van operating costs at a volume of 16,000 miles.

In E6-26A


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  • CreatedAugust 27, 2014
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