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Help!! Katty Jungernann, owner of Flower Hour, operates a local chain of foral shops. Each shop has its own delivery van. Instead of charging a

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Katty Jungernann, owner of Flower Hour, operates a local chain of foral shops. Each shop has its own delivery van. Instead of charging a flat dolivery fee, Jungemann wants to set the delivery fee based on the distance driven to deliver the flowers. Jungernann wants lo separate the foxed and variable porticns of her van operating costs so that she has a better idea how delivery distance alfects 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 Regression analysis Regression analysis Requirements 1. Determine the firm's cost equation (use the output from the Excel regression). 2. Determine the R-squared (use the output from the Excel regression). What does Flower Hour's R-squared indicate? 3. Predict van operating costs at a volume of 15,000 miles assuming the company would use the cost equation from the Excel regression regardless of its R-squared. Should the company rely on this cost estimate? Why or why not

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