A regression equation for two independent variables and one department variable has the following form: {Required:} (1)
Question:
A regression equation for two independent variables and one department variable has the following form:
{Required:}
(1) Explain the meaning of the numbers 20, 4, and 2 in the regression equation.
(2) Assuming normality, estimate the probability that the cost of the activity will lie between 41 and 56 if \(\mathrm{X}_{1}=4\) and \(\mathrm{X}_{2}=5\).
(3) Calculate the standard error of the regression coefficient for \(\mathrm{X}_{1}\) and \(\mathrm{X}_{2}\).
(4) If the total variance of weekly cost for the activity is 1,000 , calculate the coefficient of correlation, \(\mathrm{r}\).
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Related Book For
Cost Accounting For Managerial Planning Decision Making And Control
ISBN: 9781516551705
6th Edition
Authors: Woody Liao, Andrew Schiff, Stacy Kline
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