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Use Microsoft Excel to run a regression analysis, then do the following 1. Determine the company's cost equation (use the output from the Excel 2.

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Use Microsoft Excel to run a regression analysis, then do the following 1. Determine the company's cost equation (use the output from the Excel 2. Determine the R-square (use the output from the Excel regression). What does 3. Predict van operating costs at a volume of 17,000 miles assuming the company regression) Tulip Time's R-square indicate? would use the cost equation from the Excel regression regardless of its R-square Should the company rely on this cost estimate? Why or why not? Month Miles Driven 15,800 17,300 14,600 16,000 17,100 15,400 14,100 Van Operating Costs $5,460 $5,680 $4,940 $5,310 $5,830 $5,420 $4,880 April une. . Jul

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