Saved Required information Problem 5-68 (Algo) Cost Estimation: Simple and Multiple Regression Using a Spreadsheet (Appendix A) (LO 5-4, 5, 6, 9) [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 that suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars): Store Costs Employees: Revenues 101 $5,031 37 $3,118 102 5,935 57 3,306 103 4,172 53 4,583 104 3,146 27 4,232 105 3,155 30 6,560 106 2,219 30 2,147 107 3,514 33 5,041 108 5,758 $1 2,372 109 2,468 33 5,672 110 2,597 27 2,583 111 5,151 45 3,296 112 3,867 41 3,274 113 4,905 33 4,283 114 2,008 24 4,449 115 2,769 31 3,737