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Answer just this please Linda Jones, an accountant for Golding, Inc., has decided to estimate the fixed and variable components associated with the company's repair

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Answer just this please

Linda Jones, an accountant for Golding, Inc., has decided to estimate the fixed and variable components associated with the company's repair activity. She has collected the following data for the past six months: Repair Hours Total Repair Costs 10 20 15 12 18 25 $ 800 1,100 900 900 1,050 1,250 Required: 1. Estimag the fixe and variable congonents for the repair costs using the high- low m hod. Us ng e coformul predict the total ost of if 14 urs are u min 2. Est at the xdan varis compon nits using thethod of last squs. Trska you results to form of cost frmul hd using tar forum prict the total cost of repairs if 14 rs are ised Ung the mod of least suares, what are the content of determine con th coefficiencorrelation 3. 2. Regression is performed using Excel, with the results as follows: Summary Output Regression Statistics Multiple R 0.984523 R Square 0.969285 Adjusted R Square 0.961607 Standard Error 32.19657 Observations 6 ANOVA MS df SS F Significance F 126.2311 0.000357 Regression Residual Total 1 4 5 130853.5 4146.476 135000 130853.5 1036.619 Standard Error Lower 95% Upper 95% Lower 95.0% Upper 95.0% Coefficients Stat P-value Intercept X Variable 1 509.9119 29.40529 45.55789 2.617232 11.19261 0.000363 383.4227636.4011 11.23526 0.000357 22.13867 36.6719 383.4227 636.4011 22.13867 36.6719 Kim Wilson, controller for Max Enterprises, has decided to estimate the fixed and variable components associated with the company's shipping activity. She has collected the following data for the past six months: Packages Shipped Total Shipping Costs 10 $ 800 20 1,100 15 900 12 900 18 1,050 1,250 25 2. The output of a spreadsheet regression routine is as follows: Regression Output: Constant Std Err of Y Est R Squared 509.911894273125 32.1965672507378 0.96928536465981 4 6 4 No. of Observations Degrees of Freedom X Coefficient(s) Std Err of Coef. 29.4052863436125 2.61723229918858 Required 1. Estimate the fixed and variable components for the shipping costs using the high-low method. Using the cost formula, predict the total cost of shipping if 14 packages are shipped. 2. Estimate the fixed and variable components using the method of least squares. Using the cost formula, predict the total cost of shipping if 14 packages are shipped. 3. For the method of least squares, explain what the coefficient of determination tells us. Compute the coefficient of correlation

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