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1 Based on the regression model, forecast the expected production volume when there are 112 factory workers. SUMMARY OUTPUT Dependent Variable: Production Volume (# units

1 Based on the regression model, forecast the expected production volume when there are 112 factory workers. SUMMARY OUTPUT "Dependent Variable: Production Volume (# units produced)" Expected Production Volume Regression Statistics Multiple R 0.7587 R Square 0.5756 Adjusted R Square 0.5521 Standard Error 14,994.93 Observations 20 ANOVA df SS MS F Significance F Regression 1 5.49E+09 5.49E+09 24.42 0.0001 Residual 18 4.05E+09 2.25E+08 Total 19 9.54E+09 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept -64,720.33 36,722.07 -1.76 0.0950 -141,870.54 12,429.88 Number of Workers 1,638.98 331.69 4.94 0.0001 942.13 2,335.84

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