Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Month January February March April May June July August September October November December Number of Jerseys Printed 170 215 195 545 635 710 450 20 295 370 270 270 185 Operating Cost $4,805 5,840 5, 770 8,610 9,275 9,800 6,240 43 6,005 6,145 5,985 5,930 4,950 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 425 jerseys. 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y= a + bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 620 jerseys. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 Perform a least-squares regression analysis on Leslie's data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Month January February March April May June mu July August September October November December Number of Jerseys Printed 170 215 195 545 CE 635 710 710 EN 450 205 295 270 370 Operating Cost $4,805 5,840 5,770 8,610 9, 275 9,800 6, 240 6,005 6,145 5,985 270 270 185 5,930 4,950 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 425 jerseys. 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y= a + bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 620 jerseys. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 Using the regression output, create a linear equation (y = a + bx) for estimating Leslie's operating costs. (Round your answers to 2 decimal places.) Total Cost = (Number of Jerseys) Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Month January February March April May June June July Number of Jerseys Printed 170 215 195 545 545 635 635 710 710 450 450 295 295 370 270 270 185 Operating Cost $4,805 5,840 5,770 8,610 9,275 9.800 6.240 6,005 6,145 5,985 5,930 4,950 August September October November December Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 425 jerseys. 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y= a + bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 620 jerseys. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 Using the least-squares regression results, calculate the store's expected operating cost if it prints 620 jerseys. (Round your intermediate calculations and final answer to 2 decimal places.) Total Cost
