Please finish all requirements 2 and 3.

Kara Coughlin, owner of Flower Direct operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Coughlin wants to set the delivery fee based on the distance driven to deliver the flowers. Coughlin 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. . Requirements Requirement 1. Determine the company's cost equalion (use the output from the Excel regression). (Round the amounts to two decimal places $ 0.26 x+ $ 1.028.28 Requirement 2. Delerrriine the R-squared (use the output from the Excel regression). Use Microsoft Excel to run a regression analysis, then do the following: 1. Determine the company's cost equation (use the output from the Excel regression). 2. Determine the R-squared (use the output from the Excel regression). What does Flower Direct's R-squared indicate? 3. Predict van operating costs at a volume of 17.000 miles assuming the company 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? The R-squared is - X Data table 0.695292 0.258992 16,500 Print Done 0.746077 0.863757 Month Miles Driven Van Operating costs January ...... $5,260 February 18,500 $5.730 March 16,100 $4,960 April 17,100 $5,420 May 17,500 $5,790 June ....... 15,800 $5,300 July ....... 15,500 $5,040 0.405078