Recent monthly costs of providing on-board flight service incurred by New England Airlines are shown in the
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.
Transcribed Image Text:
Month July August September.. October November. December Number of Passengers 16,000 17,000 16,000 18,000 15,000 17,000. Cost of On-Board Flight Service $54,000 54,000 57,000 60,000 54,000 57,000
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Part 1 2 Spread sheet at the end of the file The following alternative approach to calculating the r...View the full answer
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Managerial Accounting Creating Value in a Dynamic Business Environment
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