! Required information (The following information applies to the questions displayed below.] Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars): Store 101$ 102 103 104 105 106 107 108 109 110 111 112 113 114 115 Costs 4,214 2,894 5,181 3,998 3,676 3,319 5,029 2,374 4,688 2,959 4,179 3,200 2,556 4,655 2,986 Employees 39$ 29 47 38 33 38 54 26 44 35 37 41 35 42 28 Revenues 4,100 2,227 5,738 3,982 2,914 4,023 6,894 1,779 5,416 3,228 3,886 4,690 3,552 4,817 2,124 c. Prepare a scallergraph between store cost and employees. Instructions: 1. Click on a point to the right of the graph. 2. Click within the graph to place the point. 3. To enter exact coordinates, click on the point and then click on the processing wheel symbol and then enter the exact coordinates in the dialog box that pops up. 4. Click OK Methods of Estimating Costs: Davis Stores Store 101 $6.000 Store 102 SS 000 Store 103 $400 Costs (5000) $3.000 Store 104 2.000 Store 105 $1 000 Store 106 C ! Required information (The following information applies to the questions displayed below.] Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars): Store 101$ 102 103 104 105 106 107 108 109 110 111 112 113 114 115 Costs 4,214 2,894 5,181 3,998 3,676 3,319 5,029 2,374 4,688 2,959 4,179 3,200 2,556 4,655 2,986 Employees 39$ 29 47 38 33 38 54 26 44 35 37 41 35 42 28 Revenues 4,100 2,227 5,738 3,982 2,914 4,023 6,894 1,779 5,416 3,228 3,886 4,690 3,552 4,817 2,124 c. Prepare a scallergraph between store cost and employees. Instructions: 1. Click on a point to the right of the graph. 2. Click within the graph to place the point. 3. To enter exact coordinates, click on the point and then click on the processing wheel symbol and then enter the exact coordinates in the dialog box that pops up. 4. Click OK Methods of Estimating Costs: Davis Stores Store 101 $6.000 Store 102 SS 000 Store 103 $400 Costs (5000) $3.000 Store 104 2.000 Store 105 $1 000 Store 106 C