ZULU Complete) E6-31A (similar to) The manager of the main laboratory facility at MetroHealth Center is interested in being able to predict the overhead The laboratory 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 (Click the icon collected the following data for the first seven months of the year. E: (Click the icon to view the data.) Read the requirem Requirement 1. Determine the lab's cost equation (use the output from the Excel regression). (Round the amounts to two decimal places.) y=$ Ox+s Enter any number in the edit fields and then click Check Answer being able to predict the overhead The laboratory manager performed th the number of lab tests performed but generated by Excel is as follows: sts performed. The lab manager (Click the icon to view the compl Read the requirements. i Data Table Number of Lab Tests Month ...... January February March Performed 3,100 2,750 3,350 3.750 4.000 2.000 3.900 Total Laboratory Overhead Costs $22.800 $21,700 $23.900 $28.100 $27.500 $19.500 $27.100 April May June July Print Done Clear All ework (required) 7 of 10 (5 complete) Data Table SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.963525 0.92838 0.914056 962.642462 ANOVA SS F Significance F 60060883.16 64.812934 0.000479 Regression Residual 60060883.16 4633402.55 64694285.71 926680.51 Total Lower Coefficients 9953.28 Standard Error 1827.515 0.549 Intercept X Variable 1 1 Stat 5.446 8.051 P-value 0.003 0.000 Upper 95% 14651.061 5.827 5255,505 3.007 4.42 End Print Done ed in being able to predict the overhead The laboratory manager performed a regn es with the number of lab tests performed but generated by Excel is as follows: b tests performed. The lab manager F? (Click the icon to view the completed Read the refyirements. Excel regression). (Round the amounts to two decimal places.) Requirements 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 3,000 tests are performed. Print Done