5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y = a+ bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 600 jerseys.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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I need sub part 6 and 7 answered please

A portion of Leslie's operating information for the company's last year follows:
Number of
Operating
Cost
Month
Jerseys Printed
$5,735
January
February
March
200
205
5,830
8,690
9,800
9,275
6,230
6,140
575
April
May
680
625
June
410
July
August
September
October
390
230
5,940
4,810
6,005
180
305
November
December
235
5,960
4,955
190
Required:
3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey.
4. Using the high-low method results, calculate the store's expected operating cost if it printed 455 jerseys.
5. Perform a least-squares regression analysis on Leslie's data.
6. Using the regression output, create a linear equation (y= a+ bx) for estimating Leslie's operating costs.
7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 600 jerseys.
Complete this question by entering your answers in the tabs below.
Required 3
Required 4
Required 5
Required 6
Required 7
Using the regression output, create a linear equation (y = a + bx) for estimating Leslie's operating costs. (Round your
answers to 2 decimal places.)
Total Cost =
(Number of Jerseys)
+
< Required 5
Required 7 >
Transcribed Image Text:A portion of Leslie's operating information for the company's last year follows: Number of Operating Cost Month Jerseys Printed $5,735 January February March 200 205 5,830 8,690 9,800 9,275 6,230 6,140 575 April May 680 625 June 410 July August September October 390 230 5,940 4,810 6,005 180 305 November December 235 5,960 4,955 190 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 455 jerseys. 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y= a+ bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 600 jerseys. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 Using the regression output, create a linear equation (y = a + bx) for estimating Leslie's operating costs. (Round your answers to 2 decimal places.) Total Cost = (Number of Jerseys) + < Required 5 Required 7 >
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