2 My Home CANOW eBook Show Me How C Using Regression to Calculate Fixed Cost Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Speedy Pete's is a small start-up company that delivers high-end coffee drinks to large metropolitan office buildings via a cutting-edge motorized coffee cart to compete with other premium coffee shops. Data for the past 8 months were collected as follows: Month Delivery Cost Number of Deliveries May $63,450 1,800 June 67,120 2,010 July 66,990 2,175 August 68,020 2,200 September 73,400 2,550 October 72,850 2,630 November 75,450 2,800 December 73,300 2,725 Coefficients shown by a regression program for Speedy Pete's data are: Intercept 49,293 X Variable 11.34 In your calculations, round the variable rate per delivery to the nearest cent. In your calculations, round the variable rate per delivery to the nearest cent. Required: Use the results of regression to make the following calculations: 1. Calculate the fixed cost of deliveries. Calculate the variable rate per delivery. per delivery $ 2. Construct the cost formula for total delivery cost. Total Delivery Cost = $ + ($ * Number of Deliveries) 3. Calculate the budgeted cost for next month, assuming that 3,000 deliveries are budgeted