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Karen Woo, owner of Flower Petal, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat
Karen Woo, owner of Flower Petal, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers. Woo 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 E: (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 = $ x + $ Data Table - X Month Van Operating Costs January ................ February March April May .......... Miles Driven 16,500 18,500 16,100 17,100 17,500 15,800 $5,260 $5,730 $4,960 $5,420 $5,790 $5,300 $5,040 June............ JUV July . . . . . 15.500 . .. . . . . . . . Print Done
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