please show exact = that is to be put in each blue answer spot

1 Cost Behavior 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 follow: Month August September October November December January February Number of Lab Tests Performed 3,350 3,700 3,650 3,450 4,200 2,500 3,800 Total Laboratory Overhead Costs $ 23,500 $ 27,550 S 24,500 s 26,400 $ 28,500 $ 22,800 $ 25,350 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 copy/paste from the Instruction tab you will be marked wrong. Requirements 1 Run a regression analysis using data for August through February. Determine the lab's cost equation (use the output from the regression analysis vou performed using Excel). a. Rename the regression output tob name "REGRESSION". 2 Determine the R-square using the Excel output you obtain 3 Predict the lab's total overhead costs for the month if 3,500 tests are performed. 3. Reference values calculated in previous requirements as needed. Saving & Submitting Solution 1 Save file to desktop a. Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded. a. Navigate back to the activity window - screen where you downloaded the initial spreadsheet b. Click Choose button under step 3, locate the file you just saved and click Open c. Click Upload button under step 3 d. Click Submit button under step 4 Viewing Results 1 Click on Results tab in My Accountinglab 2 Click on the Assignment you were working on 3 Click on Project link this will bring up your Score Card 4 Within Score Card window, click on Live Comments Report (lower right) to download spreadsheet with feedback 1 1. Run a regression analysis using data for August through February. Determine the lab's cost 2 a. Rename the regression output tab name "REGRESSION". (Always use cell references and formulas where appropriate to receive full credit. If you 3 copy/paste from the Instruction tab you will be marked wrong.) 4 5 Y= X + 6 7 2. Determine the R-square using the Excel output you obtain. (Always use cell references and formulas where appropriate to receive full credit. If you 8 copy/paste from the Instruction tab you will be marked wrong.) 9 10 R square = 11 12 3. Predict the lab's total overhead costs for the month if3,500 tests are performed. 13 a. Reference values calculated in previous requirements as needed. (Always use cell references and formulas where appropriate to receive full credit. If you 14 copy/paste from the Instruction tab you will be marked wrong.) 15 16 The total laboratory overhead at a volume of 3,500 lab tests is 17 1 Cost Behavior 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 follow: Month August September October November December January February Number of Lab Tests Performed 3,350 3,700 3,650 3,450 4,200 2,500 3,800 Total Laboratory Overhead Costs $ 23,500 $ 27,550 S 24,500 s 26,400 $ 28,500 $ 22,800 $ 25,350 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 copy/paste from the Instruction tab you will be marked wrong. Requirements 1 Run a regression analysis using data for August through February. Determine the lab's cost equation (use the output from the regression analysis vou performed using Excel). a. Rename the regression output tob name "REGRESSION". 2 Determine the R-square using the Excel output you obtain 3 Predict the lab's total overhead costs for the month if 3,500 tests are performed. 3. Reference values calculated in previous requirements as needed. Saving & Submitting Solution 1 Save file to desktop a. Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded. a. Navigate back to the activity window - screen where you downloaded the initial spreadsheet b. Click Choose button under step 3, locate the file you just saved and click Open c. Click Upload button under step 3 d. Click Submit button under step 4 Viewing Results 1 Click on Results tab in My Accountinglab 2 Click on the Assignment you were working on 3 Click on Project link this will bring up your Score Card 4 Within Score Card window, click on Live Comments Report (lower right) to download spreadsheet with feedback 1 1. Run a regression analysis using data for August through February. Determine the lab's cost 2 a. Rename the regression output tab name "REGRESSION". (Always use cell references and formulas where appropriate to receive full credit. If you 3 copy/paste from the Instruction tab you will be marked wrong.) 4 5 Y= X + 6 7 2. Determine the R-square using the Excel output you obtain. (Always use cell references and formulas where appropriate to receive full credit. If you 8 copy/paste from the Instruction tab you will be marked wrong.) 9 10 R square = 11 12 3. Predict the lab's total overhead costs for the month if3,500 tests are performed. 13 a. Reference values calculated in previous requirements as needed. (Always use cell references and formulas where appropriate to receive full credit. If you 14 copy/paste from the Instruction tab you will be marked wrong.) 15 16 The total laboratory overhead at a volume of 3,500 lab tests is 17