- - X art2 + earch Google or type a URL Homework Part 20 Sorved Help Save & Exit Submit Check my work Required information Exercise 5-42,5-43 and 5-44 (Algo) (LO 5-4,5) 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. The following data were collected from last year's operations revenues and costs in thousands of dollars). Store 11 102 nea 100 106 17 Revenues $4, 220 2.347 5,918 4,222 3,094 1,263 7. 014 1,959 6,016 3,598 4,126 4,998 3,672 5.297 2.724 Costs $4,394 3.134 5,361 4,298 4,036 3,739 5,209 2.974 5,168 2.319 4,479 3,440 2,916 4.895 3.166 108 109 110 111 112 113 114 115 Exercise 5-44 (Algo) Methods of Estimating Costs: Simple Regression (LO 5-5) elpture Box o Be @ N9 Type here to search A . 11:41 AM 10/1/2019 - - X art2 + earch Google or type a URL Homework Part 2 Sorved Help Save & Exit Submit Check my work Exercise 5-44 (Algo) Methods of Estimating Costs: Simple Regression (LO 5-5) Simple regression results from the data of Davis Stores are as follows. Equation: Store costs - $1,893.5+ (Revenue x 50.6%) Statistical data Correlation coefficieril 6.599 Required: a. Estimate store costs for a store with revenue of $3.7 million. b. What percentage of the variation in store costs is explained by the independent variable? Complete this question by entering your answers in the tabs below. Required A Required B Estimate store costs for a store with revenue of $3.7 million. (Enter the answer in thousands of dollars. Round your answer to 2 decimal places.) Store cost elptur? Do K Pequired N9 @ Type here to search O B A . 11:41 AM 10/1/2019 - - X art2 + earch Google or type a URL Homework Part 20 Sorved Help Save & Exit Submit Check my work Required information Exercise 5-42,5-43 and 5-44 (Algo) (LO 5-4,5) 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. The following data were collected from last year's operations revenues and costs in thousands of dollars). Store 11 102 nea 100 106 17 Revenues $4, 220 2.347 5,918 4,222 3,094 1,263 7. 014 1,959 6,016 3,598 4,126 4,998 3,672 5.297 2.724 Costs $4,394 3.134 5,361 4,298 4,036 3,739 5,209 2.974 5,168 2.319 4,479 3,440 2,916 4.895 3.166 108 109 110 111 112 113 114 115 Exercise 5-44 (Algo) Methods of Estimating Costs: Simple Regression (LO 5-5) elpture Box o Be @ N9 Type here to search A . 11:41 AM 10/1/2019 - - X art2 + earch Google or type a URL Homework Part 2 Sorved Help Save & Exit Submit Check my work Exercise 5-44 (Algo) Methods of Estimating Costs: Simple Regression (LO 5-5) Simple regression results from the data of Davis Stores are as follows. Equation: Store costs - $1,893.5+ (Revenue x 50.6%) Statistical data Correlation coefficieril 6.599 Required: a. Estimate store costs for a store with revenue of $3.7 million. b. What percentage of the variation in store costs is explained by the independent variable? Complete this question by entering your answers in the tabs below. Required A Required B Estimate store costs for a store with revenue of $3.7 million. (Enter the answer in thousands of dollars. Round your answer to 2 decimal places.) Store cost elptur? Do K Pequired N9 @ Type here to search O B A . 11:41 AM 10/1/2019