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3. Alexis runs an organic vegetable delivery service with a fleet of delivery vans. He wants to determine how much of his monthly delivery vehicle
3. Alexis runs an organic vegetable delivery service with a fleet of delivery vans. He wants to determine how much of his monthly delivery vehicle cost is based on kilometres driven and how much is based on fixed costs. Using kilometres driven as the cost driver, he ran a regression analysis, which gave the following results OUTPUT Multiple R R Square Adjusted R Square Standard Error 0.969681546 936964651 403.2661716 20 ANOVA MS 1 47240500.95 47240501 283.4182 184E-12 Residual 13 3000262.803 166681.3 Total 19 50240763.75 Upper 95% Lower 95.0% Upper Error t Stot P-value Lower 95% 95.0% 10469.66 601.8504 4549.9 2.210012 6.39E-21 9641.008 10469.66 9641.008 X Variable 1 5.0757576 191.25 2.797782 184E-12 468.3011 601.8504 468.3011 Alexis estimates that, for the next month, his vans will travel 20,000 kilometres. What are the total fixed and variable delivery costs estimated to be for the next month, based on the regression analysis output? a) $66,011 b) $101,500 c) $106,050 d) $111,570
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