Melody Leigh, owner of Broadway Floral, operates a local chain of floral shops. Each

shop has its own delivery van. Instead of charging a flat delivery fee, Leigh wants to set

the delivery fee based on the distance driven to deliver the flowers. Leigh wants to

separate the fixed and variable portions of her van operating costs so that she has a

better idea of how delivery distance affects these costs. She has the following data

from the past seven months:

Use the blue shaded areas on the ENTERANSWERS tab for inputs.

Always use cell references and formulas where appropriate to receive full credit. If

you copy$/$paste from the Instructions tab or if you type the numbers in$,$ you will be

marked wrong.

Requirements

$1$ Run a regression analysis using data for January through July. Determine the company's cost equation

$($use the output from the regression analysis you performed using Excel$).$

a$.$ Rename the regression output tab "REGRESSION"

$2$ Determine the R$-$square $($use the output from the Excel regression$).$

$3$ Predict van operating costs at a volume of $16,500$ miles assuming the company would use the cost

equation from the Excel regression regardless of its $R-$square.

a$.$ Reference values calculated in previous requirements as needed.