A company that makes designer sandals has tracked the production volume over the past six months. Because
Question:
a. Conduct a simple linear regression analysis of these data in which the number of pairs reworked is predicted by the total pairs produced. Test the significance of the model using an α = 0.10.
b. How much does the number of reworked pairs of sandals change when the total production increases by 100 units?
c. When the total production reaches 7,500 sandals, what would you expect the number of reworked pairs to be?
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780134496498
10th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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