Question: Finally prepare a formal response, using Microsoft Word, from Peg Joness to Stephen Ruth explaining your numbers and calculations. Which costs are correlated with the

Finally prepare a formal response, using Microsoft Word, from Peg Joness to Stephen Ruth explaining your numbers and calculations. Which costs are correlated with the average age of the aircraft? What is the slope and beta? Explain the coefficient of determination and covariance. Explain how this information benefits each airline. Finally, Stephen wants to know: a. If Northerns average age gets to 20,000 hours how much will the Airframe and Engine cost. b. If Southeasts average age gets to 12,000 hours how much will the Airframe and Engine cost

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