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Ohio Swiss Milk Products manufactures and distributes ice cream in Ohio, Kentucky, and West Virginia. The company wants to expand operations by locating another plant

Ohio Swiss Milk Products manufactures and distributes ice cream in Ohio, Kentucky, and West Virginia. The company wants to expand operations by locating another plant in northern Ohio. The size of the new plant will be a function of the expected demand for ice cream within the area served by the plant. A market survey is currently under way to determine that demand. Ohio Swiss wants to estimate the relationship between the manufacturing cost per gallon and the number of gallons sold in a year to determine the demand for ice cream and, thus, the size of the new plant. The following data have been collected: Plant Cost per Thousand Gallons (Y) Thousands of Gallons Sold (X) 1 $990 394.1 2 964 472.0 3 1 comma 045 235.1 4 1 comma 006 372.1 5 1 comma 067 240.4 6 1 comma 068 258.6 7 942 581.3 8 997 414.0 9 1 comma 051 262.6 10 1 comma 011 354.7 Total $10 comma 141 3 comma 584.9 Part 2 a. Develop a regression equation to forecast the cost per thousand gallons as a function of the number of thousands of gallons produced. The forecasting model is given by the equation Yequals 1146.6minus 0.3686X. (Enter your responses rounded to two decimal places.) Part 3 b. What are the correlation coefficient and the coefficient of determination? The sample correlation coefficient is negative 0.97. (Enter your response rounded to two decimal plac

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