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Kate Battle, owner of Rose Red, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat
Kate Battle, owner of Rose Red, 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. 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 = X + x Data Table Month Miles Driven 16.500 Van Operating Costs $5,260 $5,730 18,500 January February.... March April May 16,100 17.100 $4,960 $5,420 $5,790 $5,300 17,500 June 15,800 July ......... 15.500 $5,040 Print Done
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