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What is the expected change in production volume, on average, as the number of factory workers decreases by five? Please enter the value of the
What is the expected change in production volume, on average, as the number of factory workers decreases by five?
SUMMARY OUTPUT Dependent Variable: Production Volume (# units produced) Regression Statistics Multiple R 0.7587 R Square 0.5756 Adjusted R Square 0.5521 Standard Error 14,994.93 Observations ANOVA 20 Regression Residual df SS MS F Significance F 1 5.49E+09 5.49E+09 24.42 0.0001 18 4.05E+09 2.25E+08 19 9.54E+09 Total Coefficients Standard Error t Stat P-value Intercept -64,720.33 Number of Workers 1,638.98 Lower 95% 36,722.07 -1.76 0.0950 -141,870.54 Upper 95% 12,429.88 331.69 4.94 0.0001 942.13 2,335.84
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