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 how delivery distance affects these costs. She has the following data from the past seven months: (Click the icon to 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 + - X Data table - X Requirements Month Miles Driven Van Operating Costs Use Microsoft Excel to run a regression analysis, then do the following: January . . . . . . 15,500 $5,390 1. Determine the company's cost equation (use the output from the February . . . . . 17,400 $5,280 Excel regression). 2. Determine the R-squared (use the output from the Excel regression). What does March . . . . . . . 15,400 $4,960 Broadway Floral's R-squared indicate? April . . . . . . .. 16,300 $5,340 3. Predict van operating costs at a volume of 16,500 miles assuming the company May . . . . . . .. . 16,500 $5,450 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? June . . . . . .. 15,200 $5,230 July . . . . . . . . . 14,400 $4,680 Print Done Print Done