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The manager of the main laboratory facility at CitiFit Center is interested in being able...

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Accounting

The manager of the main laboratory facility at CitiFit 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 tests performed 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.
(Click the icon to view the data.)
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.)
Read the requirements.
Requirement 1. Determine the lab's cost equation (use the output from the Excel regression).(Round the amourints to two decimal places.)
y=,x+
data.
Data table
\table[[Month,\table[[Number of Lab],[Tests Performed]],\table[[Total Laboratory],[Overhead Costs]]],[January .....,2,700,$22,900
image

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