The manager of the main laboratory facility at UrbanFit 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.) The laboratory manager performed a regression analysis to predict total laboratory overhead costs. The output generated by Excel is as follows: (Click the icon to view the completed regression analysis.) Read the requirements Requirement 1. Determine the lab's cost equation (use the output from the Excel regression). (Round the amounts to two decimal places.) X+ Data table - X 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). Month Number of Lab Tests Performed Total Laboratory Overhead Costs January..... 3,300 $28.900 February 3,150 $28,300 3. Predict the total laboratory overhead for the month if 2,700 tests are performed. March 4,100 $32,500 April 4,250 $34,000 May 4,500 $29,900 Print Done June 1,500 $17,000 July 1,700 $15,500 Help me solve this Video Get more help - Print Done or