Table 12-15 shows a sample of 30 observations on the choice of a vendor (A, B, or
Question:
Table 12-15 shows a sample of 30 observations on the choice of a vendor (A, B, or C) based on percent on-time delivery and unit cost of a product. Develop regression models to predict preference of a given vendor.
(a) If vendor C is selected to be the reference for comparison purposes, what is the model that compares preference of vendor B to that of vendor C? Interpret the model coefficients. Interpret the odds ratio for on-time delivery.
(b) Are the predictors significant if the chosen level of significance is 0.05?
(c) In comparing the preference of vendor A to that of vendor C, interpret the model coefficients.
(d) Are the models significant for a chosen level of significance of 0.05?
Step by Step Answer:
Fundamentals Of Quality Control And Improvement
ISBN: 9781119692331
5th Edition
Authors: Amitava Mitra