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A mail-order catalog business that sells personal computer supplies, software, and hardware maintains a centralized warehouse for the distribution of products ordered. Management is currently
- A mail-order catalog business that sells personal computer supplies, software, and hardware maintains a centralized warehouse for the distribution of products ordered. Management is currently examining the process distribution from the warehouse and is interested in studying the factors that affect warehouse distribution costs. Currently, a small handling fee is added to the order, regardless of the amount. The table below shows the data (distribution costs in thousands of dollars and number of orders) collected for the past 12 months.
- Determine the slope value.
- Determine the y-intercept value
- Develop the linear regression equation or model
- Predict the number of orders for a distribute costs of 90.25 (in thousand dollars)
- Describe the coefficient of correlation
- Describe the coefficient of determination
Month Distribution costs Number of orders
1 52.954015
2 71.66 3806
3 85.58 5309
4 63.69 4262
5 72.81 4296
6 68.44 4097
7 52.46 3213
8 70.77 4809
9 82.03 5237
10 74.39 4732
11 70.84 4413
12 54.08 2921
Total
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