Homework: HW #4 - Chapter 6 Score: 0 of 1 pt 7 of 9 (5 complete) HW Score: 40%, 4 of E6-28A (similar to) Question Help Kara Battle, owner of Rose Ready, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Battle wants to set the delivery fee based on the distance driven to deliver the flowers. Battle 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. Rose Ready does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows: E (Click the icon to view the regression analysis.) Regression analysis Read the requirements. Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). B D E F G 1 SUMMARY OUTPUT y = X + 2 Regression Statistics 0.69 0.47 3 Multiple R 4 R Square 5 Adjusted R Square 6 Standard Error 0.37 218.13 7 Observations 7 8 ANOVA 9 df SS MS Significance F 10 Regression 1 214,895.40 214,895.40 4.52 0.0869 11 Residual 5 237,904.60 47,580.92 12 Total 6 452,800.00 13 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% 14 Intercept 2,163.80 1,426.35 1.52 0.19 -1,502.75 5,830.36 Enter any number in the edit fields and then click Check Answer. 15 X Variable 1 0.19 0.09 2.13 0.09 -0.04 0.42 parts remaining Print Done