The manager of the main laboratory facility at MetroFit Center (from E6-49B) collects seven additional months of
Question:
Use Excel to perform the requirements.
Requirements
1. Run a regression analysis.
2. Determine the labs cost equation (use the output from the regression analysis you perform using Excel).
3. Determine the R- square using the Excel output you obtain. What does the labs R- square indicate?
4. Predict the labs total overhead costs for the month if 3,000 tests areperformed.
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