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Kaitiyn Rafferty, owner of Flower Power, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat
Kaitiyn Rafferty, owner of Flower Power, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Rafferty wants to set the delivery fee based on the distance driven to deliver the flowers. Rafferty 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. She has the following data from the past seven months: (Click the icon to view the data.) Read the requirements. Requirement 1. Determine the company's cost equation (use the output from the Excel regression). (Round the amounts to two decimal places.) y=$1 .20 Data Table Month January February March April May.. Miles Driven 15,500 17,400 15,400 16,300 16,500 15,200 14,400 Van Operating Costs $5,390 $5,280 $4,960 $5,340 $5,450 $5,230 $4,680 July
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