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Compute the regression statistics and predictive function for this data; Identify R square (R 2 ) and the standard error of the estimate; What is


  1. Compute the regression statistics and predictive function for this data;
  2. Identify R square (R2) and the standard error of the estimate;
  3. What is the estimated overhead if 1,000 units are produced?
  4. What is the 95% prediction interval for the true overhead when the number of units produced is 1,000?
  5. What is the "residual" for the fifth observation (round to two decimal places)?
Month Units produced Manuf. Overhead
1 500 131,000
2 600 135,000
3 400 104,000
4 300 76,000
5 800 186,000
6 900 190,100
7 600 150,000
8 400 98,000
9 300 78,000
10 200 60,000
11 400 108,000
12 600 152,000
13 700 158,000
14 500 134,380
15 300 86,000
16 200 60,000

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