Question: Requirements -X Use Microsoft Excel to run a regression analysis, then do the following: 1. Determine the company's cost equation (use the output from the

Requirements -X 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 from the Excel regression). What does Flower Mode's R-squared indicate? 3. Predict van operating costs at a volume of 16,500 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? Print Done Data Table X i Req Month Miles Driven Van Operating Costs $5,390 15.500 . Use Micr 1. Det reg! 2. Det Floy 3. Pred WOU R-se January February March 17.400 $5,280 $4,960 ... hat does 15,400 16.300 . $5,340 April May mpany ... 16,500 15,200 $5,450 $5,230 June ot? July 14,400 $4,680 .. Print Done
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