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Steps to Perform: Points Possible Step Instructions 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). receive full credit. If you 4 1 copy/paste from the Instruction tab vou will be marked wrong . Rename the regression output tab "REGRESSION 2 Determine (Alwavs use cell references and formulas where appropriate to receive full credit, If vou copy/paste from the Instruction tab you will be marked wrong.) . 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. 1 naste trom the ictruction tab uou ill be marked wron receive full credit. If you . Reference values calculated needed. previous requirements Total Points 7 A3 A B Cost Behavior M D F G H N C C S T Regression Analysis 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 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: set 5 Van Operating Month Miles Driven Costs 6 15,500 $ January 5,390 7 February 17,400 $ 5,280 March 15,400 $ 4,960 9 April 16,300 $ 16,500 $ 15,200 $ 5,340 10 May 5,450 11 12 June 5.230 July 4.680 13 14,400 14 15 Use the blue shaded areas on the ENTERANSWERS tab for inputs. INSTRUCTIONE ENTERANSWERS A3 AB C D G K M N O R. T 15 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If 16 you copy/paste from the Instruction tab you will be marked wrong. 17 18 Requirements 1 Run a regression analysis using data for January th rough July. Determine the company's cost equation (use the output from the regression analysis you performed using Excel). Rename the regression output tab "REGRESSION" 2 Detemine 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 19 20 a 21 equation from the Excel regression regardless of its R-square. 22 Reference values calculated in previous requirements as needed. 23 a. 24 25 Saving & Submitting Solution 1 Save file to desktop. 26 Create folder on desktop. and label COMPLETED EXCEL PROJECTS 27 a. 2 Upload and submit your file be graded. 28 Navigate back to the activity window - screen where you downloaded the initial spreadsheet 29 Click Choose button under step 3: locate the file vou just saved and click Open b 30 Click Upload button under step 3 31 c. d. Click Submit button under step 4 32 27. INSTRUCTIONS ENTERANSWERS B4 P Q A C D E F G J K L M N O T U V 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). (Always use cell references and formulas where appropriate to receive full credit. If marked wrong.) 2 you copy/paste from the Instruction tab you will I 2. Determine the R-square (use the output from the Excel regression). (Always use cell references and formulas where appropriate to receive full credit. If marked wrong.) you copy/paste from the Instruction tab you will I 8 R square = 10 3. Prediet van operating costs at a volume of 16,500 miles assuming the company would use the cost equation from the Excel regression regardless of 11 its R-square. (Always use cell references and formulas where appropriate to receive full credit. If 12 you copy/paste from the Instruction tab you will be marked wrong.) 13 14 The operating costs at a volume of 16,500 miles is INSTRUCTIONSENTERANSWERS Steps to Perform: Points Possible Step Instructions 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). receive full credit. If you 4 1 copy/paste from the Instruction tab vou will be marked wrong . Rename the regression output tab "REGRESSION 2 Determine (Alwavs use cell references and formulas where appropriate to receive full credit, If vou copy/paste from the Instruction tab you will be marked wrong.) . 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. 1 naste trom the ictruction tab uou ill be marked wron receive full credit. If you . Reference values calculated needed. previous requirements Total Points 7 A3 A B Cost Behavior M D F G H N C C S T Regression Analysis 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 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: set 5 Van Operating Month Miles Driven Costs 6 15,500 $ January 5,390 7 February 17,400 $ 5,280 March 15,400 $ 4,960 9 April 16,300 $ 16,500 $ 15,200 $ 5,340 10 May 5,450 11 12 June 5.230 July 4.680 13 14,400 14 15 Use the blue shaded areas on the ENTERANSWERS tab for inputs. INSTRUCTIONE ENTERANSWERS A3 AB C D G K M N O R. T 15 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If 16 you copy/paste from the Instruction tab you will be marked wrong. 17 18 Requirements 1 Run a regression analysis using data for January th rough July. Determine the company's cost equation (use the output from the regression analysis you performed using Excel). Rename the regression output tab "REGRESSION" 2 Detemine 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 19 20 a 21 equation from the Excel regression regardless of its R-square. 22 Reference values calculated in previous requirements as needed. 23 a. 24 25 Saving & Submitting Solution 1 Save file to desktop. 26 Create folder on desktop. and label COMPLETED EXCEL PROJECTS 27 a. 2 Upload and submit your file be graded. 28 Navigate back to the activity window - screen where you downloaded the initial spreadsheet 29 Click Choose button under step 3: locate the file vou just saved and click Open b 30 Click Upload button under step 3 31 c. d. Click Submit button under step 4 32 27. INSTRUCTIONS ENTERANSWERS B4 P Q A C D E F G J K L M N O T U V 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). (Always use cell references and formulas where appropriate to receive full credit. If marked wrong.) 2 you copy/paste from the Instruction tab you will I 2. Determine the R-square (use the output from the Excel regression). (Always use cell references and formulas where appropriate to receive full credit. If marked wrong.) you copy/paste from the Instruction tab you will I 8 R square = 10 3. Prediet van operating costs at a volume of 16,500 miles assuming the company would use the cost equation from the Excel regression regardless of 11 its R-square. (Always use cell references and formulas where appropriate to receive full credit. If 12 you copy/paste from the Instruction tab you will be marked wrong.) 13 14 The operating costs at a volume of 16,500 miles is INSTRUCTIONSENTERANSWERS