The manager of the main laboratory facility at Capital Fit Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. Click the icon to view the data.) Be Requirement 1. Determine the lab's cost equation (use the output from the Excel regression). (Round the amounts to two de y = X + Data Table Number of Lab Tests Performed Total Laboratory Overhead Costs Month 3,200 $27,200 January ..... February .... March 2,900 $26,500 3,700 $30,300 ... April.... 4,100 $32,600 $30,000 May 4,400 June 1,900 $ 19,000 .... July ... 2,500 $19,400 ... Print Done Data Table 2 Regression Statistics 3 Multiple R 0.923177 4. R Square 0.852256 5 Adjusted R Square 0.822708 6 Standard Error 2247.944406 7 Observations 7 8 ANOVA 9 SS MS F Significance F 1 145748015.44 0.003013 10 Regression 11 Residual 12 Total 145748015.44 28.842408 5053254.054 5 25266270.27 171014285.71 6 13 Standard Error Coefficients 8478.92 Stat P-value Lower 95% Upper 95% 3448.565 14 Intercept 15 X Variable 1 2.459 0.057 -385.899 17343.737 5.54 1.031 5.371 0.003 2.886 8.185 1 Requirements 1. Determine the lab's cost equation (use the output from the Excel regression). 2. Determine the R-squared (use the output from the Excel regression). 3. Predict the total laboratory overhead for the month if 3, 100 tests are performed, Print Done