Question: please help me find 1-3 requirements! will like your post thank you. Kathy Smith, owner of Rose Ready, operates a local chain of floral shops.
Kathy Smith, owner of Rose Ready, operates a local chain of floral shops. Each ahop has its own delivery van. Instead of charging a flat delivery fee, Smith wants to set the delivery fee based on the distance driven to deliver the flowers. Smith wants to separate the foxed and variable portions of her van operating costs so that she has a better ide how delivery distance affects these costs. She has the following data from the past seven months: (Click the icon to viow the data) Read the requirements. Requirement 1. Determine the company's cost equation (use the output from the Excel regression). (Round the amounts to two decimal places.) y= Data table Requirements Use Microsoft Excel to run a regression analysis, then do the following: 1. Determine the company's cost equation (use the output from the Excel regression). 2. Determine the R-squared (use the output trom the Excel regression). What does Rose Ready's R-squared indicate? 3. Predict van operating costs at a volume of 17,000 miles assuming the company would use the cost equation from the Excel regression regardless of its R-squared. Should the company rely on this cost estimate? Why or why not
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