Garfield Company manufactures a popular brand of dog repellant known as Dog Gone It, which it sells in gallon-size bottles with a spray attachment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Month January February March April May June Number of Bottles Sold 1,060 1,410 1,790 2,500 3,490 3,790 Operating Cost $10,780 15,730 15,990 19,530 27,740 34,890 Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle, 4. Perform a least-squares regression analysis on Garfield's data. 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (v= a + bx) for estimating Garfield's operating costs. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Using the high-low method, calculate garfield's total fixed operating costs and variable operating cost p round your intermediate calculations, found your variable cost per unit answer to 2 decimal places and the nearest whole number) Variable Cost per Unit Fixed Cost Required 3 Required 4 > Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data. 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y= a + bx) for estimating Garfield's operating costs. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Perform a least-squares regression analysis of Required 6 -ata. (Use Microsoft Excel or a statistical pack coefficients using least-squares regression. Round your answers to 3 decimal places.) Coefficients Intercept X Variable 1 Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data. 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y = a + bx) for estimating Garfield's operating costs. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Determine how well this regression analysis explains the data. (Round you regression statistics to three your percentage answer to the nearest whole number.) Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations From the regression output. number of bottles explains about % of the variability in Garfield's total cost
