Kim Smith, owner of Flower Hour, operates a local chain of Horal shops. Each shop has its own delivery ven. Instead of charging a flat delivery tee, Smith wants to set the delivery fee based on the distance driven to deliver the flowers. Smith wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance alects these costs. Flower Hour does a regression analysis on the next year's dala using Excel. The output generaled by Excel is as follows: (Click the icon to view the regression analysis.) Read the requirements - X Requirements Requirement 1. Delermine the firm's cost equation (use the output from the Excel regression). (Enler amounts to two decimal places.) y=x+ Regression analysis X 1. Determine the firm's cost equation (use the output from the Excel regression) 2. Determine the R-equared (use the output from the Excel regression). What docs Flower Hour's R-scuared indicate? 3. Predict van apcrating 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 ar why not? 0.87 0.75 2 Regression Statistics 3 Multiple R R 4 RSquare 5 Adjusted R Square 6 Standard Frror 7 7 Observations 0.7 191.56 | 7 Print Done ar SS MS F 8 ANOVA 9 9 10 Regression 11 Residual Significance 0.0115 15.13 498,803.18 32.94937 1 498,803.13 5. 184,796.87 6 663,500.00 Coellicients Standard Error 12 Total 13 ISI P-value Lower 95% Upper 95% -161.31 4,088.89 1,954.29 826.89 2.38 0.06 14 Intercept 15 X Variable 1 0.20 0.06 3.89 0.01 0.07 0.34 Print Done