Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallon-size bottles with a spray attachment. The majority of Garfields business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfields operating information for the first six months of the year follows:

Month	Number of Bottles Sold	Operating Cost
January	1,000	$ 10,520
February	1,470	15,680
March	1,770	16,070
April	2,420	19,790
May	3,390	27,690
June	3,640	34,600

Required:

3. Using the high-low method, calculate Garfields total fixed operating costs and variable operating cost per bottle.

4. Perform a least-squares regression analysis on Garfields 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 Garfields operating costs.

Perform a least-squares regression analysis on Garfield's data. Note: Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 3 decimal places. Complete this question by entering your answers in the tabs below. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. Note: Do not round your intermediate calculations. Round your variable cost per unit answer to 2 decimal places and fixed cost answer to the nearest whole number. Determine how well this regression analysis explains the data. Note: Round your regression statistics to three decimal places and, observation and percentage answer to the nearest whole number. Complete this question by entering your answers in the tabs below. Using the regression output, create a linear cost equation ( y=a+bx) for estimating Garfield's operating costs. Note: Round your answers to 3 decimal places