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eBook Consider the following data on production volume (z) and total cost (y) for a manufacturing operation. Excel File: data14-29.xlsx Production Volume (units) Total Cost

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eBook Consider the following data on production volume (z) and total cost (y) for a manufacturing operation. Excel File: data14-29.xlsx Production Volume (units) Total Cost ($) 400 450 550 600 700 4000 5000 5400 5900 6400 750 7000 The estimated regression equation is = 1246.67 +7.6z. Use a = 0.05 to test whether the production volume is significantly related to the total cost. Complete the ANOVA table. Enter all values with neargst whole number, except the F test statistic (to 2 decimals) and th decimals). Use Table 1 of Appendix B. Source of Degrees of Sum Mean Variation Freedom of Squares p-value Square Regression 5415000 5415000 92.83 0.0001 Error 233333 58333 Total 5648333 What is your conclusion? Conclude production volume and total cost are related Hide Feedbnck

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