Required:1. Using a computer spreadsheet program such as Excel, run a regression on these data. Based on the regression output, select the cost formula for tanning. Roundthe fixed cost to the nearest dollar and the variable rate to the nearest cent.2. Using the computed formula, what is the predicted cost of tanning services for September for 1,550 appointments? Round to the nearest dollar. Method of Least SquaresSophia operates a full service day spa in a small college town. Recently, Sophia rented space next to her spa and opened a spray tanning salon. She anticipated thatthe costs for the spray tanning service would primarily be fixed, but found that tanning salon costs increased with the number of appointments. Costs for this serviceover the past 8 months are as follows:MonthJanuaryFebruaryMarchAprilMayJuneJulyAugustTanningAppointments1,5001,6001,7001,4001,3001,6251,3501,200Total Cost$36,90038,25039,00033,75036,00040,00035,10033,000

Here, the independent variable, X = Number of appointmentsthe dependent variable , Y = Total…

Answered: 1. Using a computer spreadsheet program…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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5, plot the points, and draw the line. Y. 4. 2х- 5у%310
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