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Year Manufacturing Overhead Activity Driver 1 Activity Driver 2 Activity Driver 3 2000 4,234,155 6,174 790 48,555 2001 1,402,088 2,942 339 42,947 2002 7,567,442 2,175

Year Manufacturing Overhead Activity Driver 1 Activity Driver 2 Activity Driver 3
2000 4,234,155 6,174 790 48,555
2001 1,402,088 2,942 339 42,947
2002 7,567,442 2,175 781 44,462
2003 4,068,697 5,326 158 68,065
2004 5,189,409 3,195 702 34,202
2005 5,701,503 4,554 648 82,552
2006 3,439,352 3,091 225 25,170
2007 2,406,817 2,720 411 86,411
2008 3,167,239 1,723 590 38,382
2009 3,720,244 4,556 558 64,473
2010 1,731,135 2,680 169 37,526
2011 1,956,464 2,244 401 77,867
2012 6,706,160 4,294 594 26,068
2013 3,750,324 2,725 200 26,169
2014 5,202,511 6,785 359 74,815
2015 3,921,531 1,715 296 77,867

1) Use Excel to regress Manufacturing Overhead on Activity Driver 1 and Activity Driver 2. Label your new tab "Model 1".
Hint: You regress a dependent variable on an independent variable(s).
2) Use Excel to regress Manufacturing Overhead on Activity Driver 1. Label your new tab "Model 2".
3) Use Excel to regress Manufacturing Overhead on Activity Driver 2. Label your new tab "Model 3".
4) Which is the best model? Why? Make sure to write out the regression equation for the best model.

6) If Activity Driver 1 = 525 and Activity Driver 2 = 3,100, what is the expected Manufacturing Overhead?
Expected Manufacturing Overhead =
7) Build a 90% Confidence Interval for the expected Manufacturing Overhead.
90% Confidence Interval = ( , )

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