Question: Chapter 3 Question 5 Please answer the full question and I will be sure to give a thumbs up! Method of Least Squares, Evaluation of

Chapter 3 Question 5

Please answer the full question and I will be sure to give a thumbs up!

Chapter 3 Question 5 Please answer the full question and I will

Method of Least Squares, Evaluation of Cost Equation Lassiter Company used the method of least squares to develop a cost equation to predict the cost of moving materials. There were 80 data points for the regression, and the following computer output was generated: The activity driver used was the number of moves. Required: 1. What is the cost formula? Y=$$ 2. Using the cost formula, predict the cost of moving materials if 330 moves are made. $ 3. What percentage of the variability in moving cost is explained by the number of moves? (Round percentage to two decimal places.)

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