11- Alice Woo, owner of Flower Paradise, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers. Woo wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. Assume that Alice's Flower Paradise does a regression analysis on the next year's data using Microsoft Excel. The output generated by Excel is as follows:

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Alice Woo, owner of Flower Paradise, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers. Woo wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. Assume that Alice's Flower Paradise does a regression analysis on the next year's data using Microsoft Excel. The output generated by Excel is as follows: (Click the icon to view the regression analysis.) Requirements 1. Determine the firm's cost equation (use the output from the Excel regression) 2. Determine the R-square (use the output from the Excel regression). What does Flower Paradise's R-square indicate? 3. Predict van operating costs at a volume of 16,500 km. Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). (Round your answers to the nearest cent.) y = $ Ox+ Requirement 2. Determine the R-square (use the output from the Excel regression). The R-square is What does Flower Paradise's R-square indicate? The R-square indicates that the cost equation explains of the variability in the data. In other words, it Flower Paradise feel confident using this cost equation to predict total costs at other volumes within the same relevant range. Requirement 3. Predict van operating costs at a volume of 16,500 km. (Round your answer to the nearest cent.) The van operating costs at 16,500 km is $ Enter your answer in each of the answer boxes. - Regression analysis on th pes a Alice Woo, owner of Flower Paradise, operate Woo wants to separate the fixed and variable data using Microsoft Excel. The output genera E (Click the icon to view the regression Requirements 1. Determine the firm's cost equation (use the 2. Determine the R-square (use the output fron 3. Predict van operating costs at a volume of 1 0.96 Regression Statistics Multiple R R Square Adjusted R Square Standard Error 0.92 0.90 Requirement 1. Determine the firm's cost equ 112.91 Observations 7 y = $x+$ ANOVA Requirement 2. Determine the R-square (use df SS MS F The R-square is Significance F 0.0007 1 689408.19 689408.19 54.08 Regression Residual 5 What does Flower Paradise's R-square indicat 63745.52 12749.10 Total 6 753153.71 sing th The R-square indicates that the cost equation at other volumes within the same relevant rang Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Requirement 3. Predict van operating costs a Intercept 826.04 629.77 1.31 0.25 -792.83 2444.91 -792.83 2444.91 Enter your answer in each of the answer bol Print Done Alice Woo, owner of Flower Paradise, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers. Woo wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. Assume that Alice's Flower Paradise does a regression analysis on the next year's data using Microsoft Excel. The output generated by Excel is as follows: (Click the icon to view the regression analysis.) Requirements 1. Determine the firm's cost equation (use the output from the Excel regression) 2. Determine the R-square (use the output from the Excel regression). What does Flower Paradise's R-square indicate? 3. Predict van operating costs at a volume of 16,500 km. Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). (Round your answers to the nearest cent.) y = $ Ox+ Requirement 2. Determine the R-square (use the output from the Excel regression). The R-square is What does Flower Paradise's R-square indicate? The R-square indicates that the cost equation explains of the variability in the data. In other words, it Flower Paradise feel confident using this cost equation to predict total costs at other volumes within the same relevant range. Requirement 3. Predict van operating costs at a volume of 16,500 km. (Round your answer to the nearest cent.) The van operating costs at 16,500 km is $ Enter your answer in each of the answer boxes. - Regression analysis on th pes a Alice Woo, owner of Flower Paradise, operate Woo wants to separate the fixed and variable data using Microsoft Excel. The output genera E (Click the icon to view the regression Requirements 1. Determine the firm's cost equation (use the 2. Determine the R-square (use the output fron 3. Predict van operating costs at a volume of 1 0.96 Regression Statistics Multiple R R Square Adjusted R Square Standard Error 0.92 0.90 Requirement 1. Determine the firm's cost equ 112.91 Observations 7 y = $x+$ ANOVA Requirement 2. Determine the R-square (use df SS MS F The R-square is Significance F 0.0007 1 689408.19 689408.19 54.08 Regression Residual 5 What does Flower Paradise's R-square indicat 63745.52 12749.10 Total 6 753153.71 sing th The R-square indicates that the cost equation at other volumes within the same relevant rang Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Requirement 3. Predict van operating costs a Intercept 826.04 629.77 1.31 0.25 -792.83 2444.91 -792.83 2444.91 Enter your answer in each of the answer bol Print Done