Question
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying
Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are as follows: |
Shipment | Distance (miles) | Shipping Time (days) | Shipment | Distance (miles) | Shipping Time (days) | |||
1 | 678 | 3 | 11 | 814 | 11 | |||
2 | 758 | 14 | 12 | 782 | 5 | |||
3 | 733 | 14 | 13 | 753 | 7 | |||
4 | 802 | 15 | 14 | 831 | 3 | |||
5 | 832 | 15 | 15 | 723 | 6 | |||
6 | 684 | 6 | 16 | 746 | 7 | |||
7 | 683 | 9 | 17 | 632 | 5 | |||
8 | 768 | 4 | 18 | 740 | 13 | |||
9 | 776 | 10 | 19 | 778 | 6 | |||
10 | 840 | 13 | 20 | 822 | 7 | |||
Click here for the Excel Data File |
1.
Fill in the blanks. (Round your answers to 3 decimal places. Negative values should be indicated by minus sign. |
sx | |
sy | |
r | |
References
eBook & Resources
2
State the decision rule for 0.10 significance level: H0: 0; H1: > 0. (Round your answer to 3 decimal places.) |
Reject H0 if t > |
3
Compute the value of the test statistic. (Negative value should be indicated by a minus sign. Round your answer to 3 decimal places.) |
Value of the test statistic |
4.
Can we conclude that there is a positive correlation between distance and time? Use the 0.10 significance level. |
(Click to select)Do not rejectReject H0. We (Click to select)cancannot conclude that there is a positive correlation between distance and time. |
5.
Determine the coefficient of determination. (Round your answer to 3 decimal places.) |
Coefficient of determination |
6.
Fill in the blank below. (Round your answer to 1 decimal places.) |
% of the variation in shipping time is explained by shipping distance. |
7.
Determine the standard error of estimate. (Round your answer to 3 decimal places.) |
Standard error |
8.
Would you recommend using the regression equation to predict shipping time? | ||||
|
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