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Kathy Smith, owner of Flowers 4 You, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a
Kathy Smith, 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, Smith wants to set the delivery fee based on the distance driven to deliver the flowers. Smith wants to separate the food and variable portions of her van operating costs so that she has a better idea how delivery distance affects those costs. Flowers 4 You does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows: (Click the icon to view the regression analysis.) Read the requirements Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). (Enter amounts to two decimal places.) y X Regression analysis c E Requirements 0.0 1 SUMMARY OUTPUT 2 Regression State 3 Mile R 4 R Med Sandardner 7 Observation ANOVA 1. Determine the fem's continue the output from the Excel regression 2. Determine the Refuse the output from the Excel regreso does Flowers 4 You's R-squared indicate 1. Prediet van opening costs at a volume of 15.000 missuming the company would use the contention from the Excel regressions of is squared. Should the company rely on this come Why why not? 0.75 07 17155 MS Sce 14.70 0.0120 Print Done 1 4623 20,420.00 10 Heren Resol 12T 13 14 Wat 15 Kb 33362 147.14340 71 Saudade 1.150.22 0.07 Conte 700.00 0.02 0.50 000 2.248 24 0.00 30. . Print Dane
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