Required information Problem 5-60 Cost Estimation: Simple and Multiple Regression Using a Spreadsheet (Appendix A) (LO 5- 4,5,6,8) The following information applies to the questions displayed below) Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of thet suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars): store 101 102 103 104 105 106 107 108 109 110 111 112 113 Revenues 54,100 2,227 5.738 3,982 2,914 4,023 6,894 1,779 5, 416 3,228 3,886 4,690 3,552 4,817 2,124 Costa 34,214 2,894 5,181 3,998 3,676 3,319 5,029 2,374 4.688 2,959 4,179 3,200 2,556 4,655 2,986 Employees 39 29 47 38 33 38 54 26 44 35 37 41 35 62 28 115 Problem 5-60 Parte e-1. Enter the regression coefficients. (Round "intercept" and "Employees" to 1 decimal place and "Revenues" to 2 decimal places. Negative amounts should be indicated by a minus sign.) Intercopt Revenues Employees e-2. Estimate the cost of a store with revenues of $2.5 million and 30 employees using the results of a multiple regression of store costs on store revenues and employees. (Round intermediate and final answers to 1 decimal place.) Store Cool