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X Variable 1 represents the estimated variable cost per unit, or the slope of the cost equation. The cost equation for the moving company is:.
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Always express unit costs i. Is the Data 'Good'? A scatter graph is often prepared prior to running a regression to pre-assess the relationship between two variables. A weak or nonexistent relationship between the activity and the total cost indicates that the linear regression output will not provide a useful cost equation. Assessing the quality of the cost equation regardless of the cost estimation used is beyond the scope of managerial accounting.
As such, you will focus solely on generating a cost equation and how to use it to estimate future costs.
how to activate data analysis excel for mac - Microsoft Community
Data Analysis ToolPak. To use the linear regression tool in Excel, the Data Analysis Toolpak must be installed. If you see the Data Analysis command in the Analysis group far right , the Data Analysis Toolpak is already installed. If it is not installed, follow the directions in the Appendix at the end of this chapter to install it. Walk Through Problem. Wilson Company provided the following information concerning the number of monthly service calls provided and the total cost incurred for its pest control operations for the each month during Write the cost equation in standard form.
Determine the estimated cost of providing 1, service calls for January, Step 1: Copy and paste the data for Wilson Company into columns A, B, and C beginning in row 1 of a blank worksheet. Step 2: Because the regression output occupies 9 columns and 13 rows, to avoid placing the regression output on top of your data, select a location in the worksheet in which there are enough empty rows and columns to accommodate the output.
Place your mouse pointer in cell A15 since that is an acceptable location. Step 3: Select the Data ribbon menu, then Data Analysis command on the Analysis tab. A popup box will appear. Scroll down and select Regression. Click OK. Step 4: The Regression wizard will be displayed. In the Input Y Range field, select all the values in the total cost column of the data tablecells C2 through C Do not select the total.
Step 5: Step 6: You have made some really good points there. I checked on the internet for more additional information about the issue and found most people will go along with your views on this site.
You can find the instructions here along with the tutorial on how to use it to make a histogram: When I open the Options menu the Add-Ins tab is not there. I have excel I need to be able to use data analysis for a stats class. Any ideas why it's not there? Thanks a lot for your instruction, was clear and useful. Thanks a lot for your instruction.
It's help me to start analysis in xls. Thank You! This was really helpful, so clear and straight to the point. Thank you so much. The Analysis Toolpak is installed. The Data Analysis button is not there. This is Excel I installed the Analysis toolpak, but there is no button for it. What's wrong? Thank you very much for the easy to follow instruction!
Larry - you might need to close the program and open it again. Thank you very much for your help, it does even in my Microsoft Office From Dar es Salaam, Tanzania. Bedanta - Unfortunately it looks like slicers are not available for any Excel product prior to That being said, I found this discussion thread that discusses possible alternatives, https: I hope this helps!
Much appreciated! Thanks really helpful. Add a public comment to this FAQ Entry.
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