1 Cost Behavior 2 Performing a regression analysis to predict overhead for a hospital laboratory 3 The manager of the main laboratory facility at Elmhurst Health Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The manager of the main laboratory facility at Elmhurst Health Center collected the following seven months of data. The number of tests performed and the total monthly overhead costs for the lab 4 follow: 5 Number of Lab Total 6 Month Tests Laboratory 7 August 3,350 $ 23,500 8 September 3,700 $ 27,550 9 October 3,650 $ 24,500 10 November 3,450 $ 26,400 11 December 4,200 $ 28,500 12 January 2,500 $ 22,800 13 February 3,800 $ 25,350 14 15 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you 16 copy/paste from the Instruction tab you will be marked wrong. 17 18 Requirements 19 20 1 Run a regression analysis using data for August through February. Determine the lab's cost equation (use the output from the regression analysis you performed using Excel). Dannme the renressing outout tah name "REGRESSION