Kate Chen, owner of Flowers 4 You, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Chen wants to set the delivery fee based on the distance driven to deliver the flowers. Chen 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 = Requirements Data table Use Microsoft Excel to run a regression analysis, then do the following: 1. 2. Determine the company's cost equation (use the output from the Excel regression). Determine the R-squared (use the output from the Excel regression). What does Flowers 4 You's R-squared indicate? Month Miles Driven Van Operating Costs January 15,900 $5,420 February 18,000 $5,460 3. Predict van operating costs at a volume of 16,000 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? March 15,300 $5,100 April 16,300 $5,290 May 17,000 $5,520 June 15,700 $5,150 July 15,000 $4,950 Print Done -