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. The following data were collected from last year's operations (revenues and costs in thousands of dollars) Store Revenues Costs 101 $4,260 $4,454 102 2,387 3,214 103 5,978 5,421 104 4,302 4,398 105 3,154 4,156 106 4,343 3,879 107 7,054 5,269 108 2,019 3,174 109 6,216 5,328 110 3,708 3,439 111 4,206 4,579 112 5,090 3,520 113 3,712 3,036 114 5,457 4,975 115 2,924 3,226 VW Simple regression results from the data of Davis Stores are as follows. Equation: Store costs = $2.004.1 + (Revenue 49.45) Statistical data Correlation coefficient 0.831 8.691 Required: a. Estimate store costs for a store with revenue of $4.1 million b. What percentage of the variation in store costs is explained by the independent variable? Complete this question by entering your answers in the tabs below. Required A Required B Estimate store costs for a store with revenue of $4.1 million (Enter the answer in thousands of dollars. Round your answer to 2 decimal places.) Stone con Required 5 Simple regression results from the data of Davis Stores are as follows. Equation: Store costs = $2,604.1 + (Revenue * 49.4%) Statistical data Correlation coefficient R2 8.831 0.691 Required: a. Estimate store costs for a store with revenue of $4.1 million b. What percentage of the variation in store costs is explained by the independent variable? Complete this question by entering your answers in the tabs below. Required A Required B What percentage of the variation in store costs is explained by the Independent variable? (Enter answer as a percentage rounded to 1 decimal place.) Percentage of variation in store cost