Question: Refer to the previous exercise, Silk Flowers & More. Required: a. Use the regression method to estimate Silk Flowers & Mores monthly shipping cost equation.

Refer to the previous exercise, Silk Flowers & More.

Required:

a. Use the regression method to estimate Silk Flowers & More’s monthly shipping cost equation.

b. Assume Silk Flowers & More expects to sell 5,500 flower arrangements in June. Use the cost equation you developed in part (a) to estimate Silk Flowers & More’s June shipping costs.

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