Question: E6-28A Continuation of E6-26A: Regression analysis (Learning Objective 5) Refer to the Flower Power data in E6-26A. Use Microsoft Excel to do the following: Requirements

E6-28A Continuation of E6-26A: Regression analysis (Learning Objective 5)

Refer to the Flower Power data in E6-26A. Use Microsoft Excel to do the following:

Requirements 1. Run a regression analysis.

2. Determine the company’s cost equation (use the output from the Excel regression).

3. Determine the R-square (use the output from the Excel regression). What does Flowers Power’s R-square indicate?

4. Predict van operating costs at a volume of 16,000 miles.

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