WHOULD YOU PLEASE

1.Determine the lab's cost equation (use the output from the Excel regression).

2.Determine the R-square (use the output from the Excel regression).

3.Predict the total laboratory overhead for the month if 3,200 tests are performed.

1Data Table SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.779237 0.60721 0.528651 2067.910396 7 ANOVA df MS Significance F 33053018.68 33053018.68 7.729434 21381267.03 4276253.406 54434285.71 0.038894 Regression Residual Total 6 Standard Lower Upper Print Done 1Data Table R Squar Adjusted R Square Standard Error Observations 0.60721 0.528651 2067.910396 7 ANOVA df MS Significance F Regression Residual Total 33053018.68 33053018.68 7.729434 21381267.03 4276253.406 54434285.71 0.038894 6 Standard Lower Upper Coefficients Error t Stat P-value 95% 95% 0.041 0.039 12412.72 4548.902 2.729 719.391 24106.041 Intercept X Variable 1 3.74 1.346 2.780 0.282 7.204 Print Done 1Data Table Number of Lab Tests Performed 3,250 3,000 3,750 3,500 4,200 2,200 3,400 Total Laboratory Overhead Costs $27,600 $24,800 $25,900 $23,500 $27,000 $18,800 $26,500 Month February....-. April. May . Print Done Score: 0 of 1 pt 7 of 10 (0 complete) HW Score: 0%, 0 of 10 pts E6-31A (similar to) Question Help The manager of the main laboratory facility at MetroHealth 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 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 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.) tests performed but that EB(Click the icon to view the completed regression analysis.,) Read the requirements (Click the icon to view the data.) Requirement 1. Determine the lab's cost equation (use the output from the Excel regression). (Round the amounts to two decimal places.) Enter any number in the edit fields and then click Check Answer parts remaining Clear All Check