Number of Cost of On-Board Month Passengers Flight Service January 16,000 . $18,000 February 17,000 . 18,000 March 16,000 19,000 Аpril 18,000 20,000 May 15,000 18,000 June 17,000 19,000|
Number of Cost of On-Board Month Passengers Flight Service January 16,000 . $18,000 February 17,000 . 18,000 March 16,000 19,000 Аpril 18,000 20,000 May 15,000 18,000 June 17,000 19,000|
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Recent monthly costs of providing on-board flight service incurred by Great Plains Airlines are shown in the following table.
Required:
1. Build a spreadsheet: Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior of the airline’s on-board flight service. Express the cost behavior in equation form.
2. Use Excel to calculate and interpret the R2 value for the regression.
Transcribed Image Text:Number of
Cost of On-Board
Month
Passengers
Flight Service
January
16,000 .
$18,000
February
17,000 .
18,000
March
16,000
19,000
Аpril
18,000
20,000
May
15,000
18,000
June
17,000
19,000|
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