Please answer all highlighted areas in questions 1 and 2.

Regression Analysis. The city of Rockville reported the following annual cost data for maintenance work performed on its fleet of trucks. Reporting Period Level of Activity (Year) Total Costs (Miles Driven) Year 1 750,000 225,000 Year 2 850,000 240,000 Year 3 1,100,000 430,000 Year 4 1,150,000 454,000 Year 5 1,250,000 560,000 Year 6 1,550,000 710,000 Required: 1. Use the regression slope / intercept formulas to develop the cost equation Y = f + v X. { Hint: Watch the video lecture on "mixed cost caicuiations" before you attempt this problem] Regression Analysis Slope Intercept ** Soivefor Y 2. What would the city of Rockville's estimated costs be if its trucks drove 500,000 miles in year 7? ** Soivefor Y