# Question

Refer to the Tulip Time data in E6-49B. 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 Tulip Time’s

R-square indicate?

3. Predict van operating costs at a volume of 14,500 kilometres.

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 Tulip Time’s

R-square indicate?

3. Predict van operating costs at a volume of 14,500 kilometres.

## Answer to relevant Questions

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