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The staff of controller of McCourt Company added the variable pounds moved to the ten-month data set: Month Materials Handling Cost Number of Moves Pounds
The staff of controller of McCourt Company added the variable "pounds moved" to the ten-month data set: Month Materials Handling Cost Number of Moves Pounds Moved January $5,600 475 12,000 February 3,090 125 15,000 March 2,780 175 7,800 April 8,000 600 29,000 May 1,990 200 600 June 5,300 300 23,000 July 4,300 250 17,000 August 6,300 400 25,000 September 2,000 100 6,000 October 6,240 425 22,400 Required: 1. Using the data on material handling, use regression software such as Microsoft Excel to complete the missing data in the table below (round regression parameters to the nearest cent and other answers to three decimal places): McCourt Company SUMMARY OUTPUT Regression Statistics Multiple R 0.999 R Square fill in the blank 72fdd4078023054_1 Adjusted R Square fill in the blank 72fdd4078023054_2 Standard Error 119.600 Observations 10 ANOVA df SS MS F Significance F Regression 2 37,768,070.16 18,884,035 1,320.168 9.50629E-10 Residual 7 100,129.84 14,304.26 Total 9 37,868,200.00 Coefficients Standard Error t Stat P-value Intercept fill in the blank 72fdd4078023054_3 86.068 6.863 0.000239 X Variable 1 fill in the blank 72fdd4078023054_4 0.340 0.340 9.81E-08 X Variable 2 fill in the blank 72fdd4078023054_5 0.006 17.446 5E-07 2. Using the cost equation from Requirement 1, calculate the total expected material handling cost for November if 350 moves are expected and 17,000 pounds of material will be moved (round final answer to the nearest dollar)
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