Question
The following information on maintenance and repair costs and revenues for the last two years is available from the accounting records at Arnies Arcade &
The following information on maintenance and repair costs and revenues for the last two years is available from the accounting records at Arnies Arcade & Video Palace. Arnie has asked you to help him understand the relation between business volume and maintenance and repair cost.
Month Maintenance and Repair Cost ($000) Revenues ($000)
July $1.96 $52.00
August 2.93 46.00
September 2.45 42.00
October 1.86 58.00
November 1.95 70.00
December 0.79 98.00
January 2.77 38.00
February 2.81 44.00
March 2.67 54.00
April 2.63 56.00
May 1.69 60.00
June 1.43 72.00
July 2.25 66.00
August 1.67 60.00
September 2.22 68.00
October 2.03 70.00
November 1.08 80.00
December 0.41 110.00
January 2.23 54.00
February 1.93 56.00
March 1.34 76.00
April 1.60 80.00
May 1.60 66.00
June 1.54 62.00
Required:
Using Excel, estimate a linear regression with maintenance and repair cost as the dependent variable and revenue as the independent variable. (Negative amounts should be indicated by a minus sign. Round "Multiple R, R Square and Standard Error" to 7 decimal places, "Intercept and Revenues" to 4 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Politics Of Public Management The HRDC Audit Of Grants And Contributions
Authors: David A. Good
2nd Edition
0802085873, 978-0802085870
