# Question

Refer to the Posies Unlimited data in E6- 45B. Use Microsoft Excel to run a regression analysis, then do the following calculations:

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 Posies Unlimited’s R- square indicate?

3. Predict van operating costs at a volume of 17,000 miles.

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 Posies Unlimited’s R- square indicate?

3. Predict van operating costs at a volume of 17,000 miles.

## Answer to relevant Questions

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