Shown below are 15 data points relating to the Receiving cost and tons of material for Acme Manufacturing Receiving Tons of Observation Cost Material 1 $ 67,100  47,300 2  75,200  68,200 3  92,200  93,500 4  88,600  79,200 5  87,700  96,800 6  80,200  49,500 7  98,000  73,700 8  67,600  40,700 9  68,500  46,200 10  78,500  63,800 11  71,700  50,600 12  80,300  48,400 13  78,000  55,000 14  80,000  69,300 15  93,800  53,900 Required: a. Using the High-Low method, determine the cost equation for receiving costs. (4 pts) b. Use the equation in part a. to estimate receiving costs when the tons of material are estimated to be 65,000. (3 pts) c. Using the following regression output, determine the cost equation for receiving costs. (4 pts) d. Use the equation in part c. to estimate receiving costs when the tons of material are estimated to be 65,000. (3 pts) SUMMARY OUTPUT Regression Statistics Multiple R 0.67127413 R Square 0.45060896 Adjusted R Square 0.40834811 Standard Error 7535.38792 Observations 15 ANOVA  df SS MS F Significance F Regression 1 605442408 605442408 10.662563 0.0061439 Residual 13 738166925 56782071 Total 14 1.344E+09     Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 56893.6114 7484.6066 7.6014164 3.895E-06 40724.102 73063.12 40724.1 73063.12 X Variable 1 0.37816027 0.1158097 3.265358 0.0061439 0.1279685 0.628352 0.127969 0.628352