Kate Jungemann, 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, Jungemann wants to set the delivery fee based on the distance driven to deliver the flowers. Jungemann wants 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 + $ Requirement 2. Determine the R-square (use the output from the Excel regression). The R-square is What does Flowers 4 You's R-square indicate? The R-square indicates that the cost equation explains of the variability in the data. In other words, it Flowers 4 You feel confident using this cost equation to predict total costs at other volumes within the same relevant range Requirement 3. Predict van operating costs at a volume of 17,000 miles assuming the company would use the cost equation from the Excel regression regardless of its R-square. Should the company rely on this cost estimate? Why or why not? (Round your answer to nearest cent.) The operating costs at a volume of 17,000 miles is $ Should the company rely on this cost estimate? Why or why not? Since the r-square is the company