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

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.

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Req 1 y 020x 196429 Req 2 The Rsquare is 0751662 The Rsquare indicates that the co... View full answer

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