Kristen 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, Requirements

Use Microsoft Excel to run a regression analysis, then do the following:

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

Rose Red's R$-$squared indicate?

Predict van operating costs at a volume of $15,500$ 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? Data

$\backslash$table$[[$Month$,$Miles Driven,Van Operating Costs$],[$January dotsdotsdots,$15,400,$$$5,200],[$February dotsdots,$17,900,$$$5,480],[$March dotsdots,$15,200,$$$4,980],[$April $........,15,800,$$$5,350],[$May dotsdotsdots,$16,900,$$$5,620],[$June dotsdotsdots,$16,000,$$$5,300],[$July dotsdots.dots,$14,500,$$$4,800]]$

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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

the van's operating costs to get a better idea of how delivery distance affects these costs. Here are the data from the past seven months:

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.$)$

$y=x+$