=+18. One possible model for the manufacturing process of Exercise 17 is the following: Dependent variable is:
Question:
=+18. One possible model for the manufacturing process of Exercise 17 is the following:
Dependent variable is: Log(Cost per unit)
R squared = 90.1% R squared (adjusted) = 89.3%
s = 0.0841 with 15 - 2 = 13 degrees of freedom Variable Coefficient SE(Coeff) t-ratio P-value Intercept 0.7618 0.0405 18.8 60.0001
#Units -0.0041 0.0004 -10.9 60.0001 Using this model, predict the cost per unit in a batch of 300.
Section 16.7
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Related Book For
Business Statistics Plus Pearson Mylab Statistics With Pearson Etext
ISBN: 978-1292243726
3rd Edition
Authors: Norean R Sharpe ,Richard D De Veaux ,Paul Velleman
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