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Saved Help Save & Required information Problem 5-68 (Algo) Cost Estimation: Simple and Multiple Regression Using a Spreadsheet (Appendix A) (LO 5-4, 5, 6, 9)

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Saved Help Save & Required information Problem 5-68 (Algo) Cost Estimation: Simple and Multiple Regression Using a Spreadsheet (Appendix A) (LO 5-4, 5, 6, 9) (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) Employees Store 101 102 103 104 105 186 Costs $2,463 4,743 4,955 5,197 5,911 2,256 5,345 5,138 3.090 29 49 43 54 58 43 55 57 33 Revenues $6,479 5,309 2,609 2,634 2,793 5,951 4,349 5.788 2.226 107 188 109 WERT DUOTU 110 221 112 11 114 115 3,955 4,656 1,937 3,181 3,467 4,988 40 42 28 52 44 57 4,891 4,313 5,198 3,415 5,543 2,878 Problem 5.68 (Algo) Part d d-1. Enter the regression coefficients 4-2. Estimate the cost of a store with 36 employees using the results from a simple regression of store cost on employees Complete this question by entering your answers in the tabs below. Reg Di Reg DZ Enter the regression coefficients (Round your answers to 2 decimal places. Negative amounts should be indicated by a mis sign Required information Complete this question by entering your answers in the tabs below. Reg Di Reg D2 Enter the regression coefficients. (Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign) Intercept Employees Reg D2 > Help Sove & Exit Required information Complete this question by entering your answers in the tabs below. Re: ReqD2 Estimate the cost of a store with 36 employees using the results from a simple regression of store cost on employees. (Round your intermediate calculations and final answer to 2 decimal places.

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