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Kaitlyn Tran, owner of Flower Direct, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee. Tran wants to set the delivery fee based on the distance driven to deliver the fowers Tran wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these coats Flower Direct does a regression analysis on the next year's data using Excel. The output generated by Excalis follow Click the icon to view the regression analysis.) Read the requirements Requirement 1. Determine the firm's cost equation (use the output from the Excel regression). (Enter amounts to two decimal places) Requirements Incor (0.20/ 1. Determine the firm's cost equation (use the output from the Excel regression) 2. Determine the squared (use the output from the Excel regression). What does Flower Direct's R-squared indicate? 3. Predict van operating costs at a volume of 16,000 miles assuming the company would use the cost equation from the Excel regression regardless of its R-squared. Should the company rely on this cost estimate? Why or why not? 0/2 Print Done Enter any number in the edit Regression analysis FO ite N 0.86 0.75 1 SUMMARY OUTPUT Regression Statistics 3 Multiple R 4 R Square 5 Adjusted R Square 6 Standard Error 7 Observations 8 ANOVA df 0.7 174.75 7 9 SS MS F Significance F 0.0122 10 Regression 1 448,647.94 14.69 11 Residual 5 448,647.94 152,694.92 601,342.86 30,538.98 12 Total 6 13 Coefficients Standard Error Stat P-value Lower 95% -1,879,90 Upper 95% 3,936.46 14 Intercept 1,131,33 0.91 0.41 1,028.28 0.26 15 X Variable 1 0.07 3.83 0.01 0.43 0.09 Print Done

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