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HW Score: 70%, 35 of 50 pts E3-32A (similar to) Question Help 5 Alice Woo, owner of Flowers 4 You, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set Help the delivery fee based on the distance driven to deliver the flowers. Woo wants to separate the fixed and variable portions of her van operating costs so that she has a ork better idea how delivery distance affects these costs. Assume that Alice's Flowers 4 You does a regression analysis on the next year's data using Microsoft Excel. The output generated by Excel is as follows: z/Test (Click the icon to view the regression analysis.) Requirements 1. Determine the firm's cost equation (use the output from the Excel regression). 2. Determine the R-square (use the output from the Excel regression). What does Flowers 4 You's R-square indicate? 3. Predict van operating costs at a volume of 18,000 km. Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). (Round your answers to the nearest cent.) y= 5 x + $ Enter your answer in the edit fields and then click Check Answer. 3 parts remaining Clear All Check Answer ENG O L Type here to search E 26 PM 2020-09-28 Question Help Alice Woo, owner of Flowers 4 You, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers, Woo 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. Assume that Alice's Flowers 4 You does a regression analysis on the next year's data using Microsoft Excel. The output generated by Excel is as follows: (Click the icon to view the regression analysis.) Requireme 1. Determind Regression analysis - X 2. Determind 3. Predict ve Requiremel y = $X 0.96 Regression Statistics Multiple R R Square Adjusted R Square Standard Error 0.92 0.90 112.91 Observations 7 Enter your a ANOVA parts remainin df SS MS F Significance F 00007 Renression 689408 19 A89408 19 54 08 O e here to search e L Score: 0 of 15 pts 5 of 11 (10 complete) HW Score: 70%, 35 of 50 pts the delivery fee based on the distance driven to deliver the flowers. Woo 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. Assume that Alice's Flowers 4 You does a regression analysis on the next year's data using Microsoft Excel. The output generated by Excel is as follows: B (Click the icon to view the regression analysis.) k Requireme 1. Determine i Regression analysis 2. Determine Test 3. Predict ve Standard Error 112.91 Requiremel Observations 7 y = $x + ANOVA df SS MS F Significance F 0.0007 Regression 1 689408.19 54.08 689408.19 12749.10 Residual 5 63745.52 753153.71 Enter your a Total 6 3 parts Coefficients Standard Error t Stat remainin 629.77 Intercept X Variable 1 826.04 0.28 1.31 7.35 P-value Lower 95% Upper 95% Lower 95.0% Lower 95.0% Upper 95.0% 0.25 -792.83 2444.91 -792.83 2444.91 0.00 0.18 0.37 0.18 0.37 0.04 726 PM ENG Type here to search