E6-28A (similar to) Question Help Kathy Smith, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Smith wants to set the delivery fee based on the distance driven to deliver the flowers. Smith 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. Flower Hour does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows: |(Click the icon to view the regression analysis.) Read the requirements. Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). (Enter amounts to two decimal places.) y = 3.18 x + 1317 Enter any number in the edit fields and then click Check Answer. ? 4 parts remaining Clear All Check Answer E6-28A (sim x tion Help i Regression analysis mith wants to set b that she has a by Excel is as A B D E F G Kathy Smith, owner the delivery fee bas better idea how deli follows: (Click the icon Read the requireme 1 SUMMARY OUTPUT 2 2 Regression Statistics 3 Multiple R 0.95 Requirement 1. De 4 R Square 0.9 y= 3.18 X + 5 Adjusted R Square 0.87 6 Standard Error 124.99 7 Observations 7 Enter any number ? Print Done 4 parts remaining swer E6-28A (sim x fion Help i Regression analysis mith wants to set b that she has a H by Excel is as Kathy Smith, owner the delivery fee bas better idea how deli follows: (Click the icon Read the requireme 8 ANOVA 9 df SS MS F Significance F 10 Regression 1 668,089.58 668,089.58 42.77 0.0013 11 Residual 5 78,110.42 15,622.08 Requirement 1. De 12 Total 6 746,200.00 y = 3.18 x + 13 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% 14 Intercept 931.23 678.87 1.37 0.23 -813.87 2,676.33 15 X Variable 1 0.28 0.04 6.54 0.00 0.17 0.39 Enter any number i ? Print Done 4 parts swer remaining