4 of 4 (3 Score: 0 of 1 pt E6-28A (similar to) Kallie Jungemann, owner of Flower Power, operates a local chain of floral shops. Each shop has its own delivery van. Inst flowers. Jungemann wants to separate the fixed and variable portions of her van operating costs so that she has a better ic Excel. The output generated by Excel is as follows: E (Click the icon to view the regression analysis.) Requirements Determine the firm's cost equation (use the output from the Excel regression). Determine the R-square (use the output from the Excel regression). What does Flower Power's R-square indicate? Predict van operating costs at a volume of 17,000 miles assuming the company would use the cost equation from the E 1. 2. 3. Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). (Enter amounts to two decima y $ x+$ Multic R Squ Adjust Standa Observ ANOVA Enter any number in the edit fields and then click Check Answer Regress 4 parts remaining Residual Total MacBook Pro esc F1 F2 F3 F4 FS (a 2 3 L Question Help wn delivery van. Instead of charging a flat delivery fee, Jungemann wants to set the delivery fee based on the distance driven to deliver the hat she has a better idea how delivery distance affects these costs. Flower Power does a regression analysis on the next year's data using R-square indicate? cost equation from the Excel regression regardless of its R-square. Should the company rely on this cost estimate? Why or why not? er amounts to two decimal places.) Clear All Check Answer MacBook Pro F12 6 7 delete U Y O P [ J K L re +II al i he Regression analysis SUMMARY OUTPUT reg ). V Regression Statistics Multiple R 0.83 the mpa R Square 0.69 Adjusted R Square 0.63 m th Standard Error 127.80 Observations 7 ANOVA df SS MS F Significance F Regression 1 185,536.45 185,536.45 11.36 0.0199 5 81,663.55 Residual 16,332.71 6 267,200.00 Total Standard Lower Upper Coefficients Error t Stat P-value 95% 95% Intercept 2532.42 813.67 3.11 0.03 440.81 4,624.02 X Variable 1 0.17 0.05 3.37 0.02 0.04 0.30 Print Done er. Clear All MacBook Pro DII DD F4 F5 F6 E7 F8 F9 % Kallie Jungemann, owner ol Flower Power, 8perat flowers. Jungemann wants to separate the fixed and variable portions of her van operating costs so that she has a beftter idea how deliver Excel. The output generated by Excel is as follows: mClick the icon to view the regression analysis.) Requirements 1. Determine the firm's cost equation (use the output from the Excel regression). Determine the R-square (use the output from the Excel regression). What does Flower Power's R-square indicate? Predict van operating costs at a volume of 17,000 miles assuming the company would use the cost equation from the Excel regression 2 3. Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). (Enter amounts to two decimal places.) y $ x+S Enter any number in the edit fields and then click Check Answer parts remaining Clear All MacBook Pro esc 1 2 3 & 4 6 7 Q W E R T Y A S F G H Ln st *