Refer to Example 3-8. While cleaning out an old file, someone uncovers the first spacecraft manufactured by
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Refer to Example 3-8. While cleaning out an old file, someone uncovers the first spacecraft manufactured by your company—30 years ago! It weighed 100 pounds and cost $600 million. Extend the spreadsheet to include this data point. How does adding this observation affectRand the standard error? How about the regression coefficients? Should this new data point be included in the model used for predicting future costs?
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Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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