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 150 195 175 525 655 720 420 295 355 255 250 165 Operating Cost $4,880 5,865 5,765 8,595 9,230 9,725 6,225 6,010 6,125 5,975 5,935 4,925 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 475 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 650 jerseys. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. (Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.) Variable Cost per Jersey Fixed Cost Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 Using the high-low method results, calculate the store's expected operating cost if it printed 475 jerseys. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Total Cost 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 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) 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 650 jerseys. (Round your intermediate calculations and final answer to 2 decimal places.) Total Cost
