Question
Following is a portion of the regression output for an application relating maintenance expense (dollars per month) to usage (hours per week) for a particular
Following is a portion of the regression output for an application relating maintenance expense (dollars per month) to usage (hours per week) for a particular brand of computer terminal.
(look at the picture table sent)
) Write the estimated linear regression equation. (Be sure to define the variables first).
B) Interpret the intercept coefficient.
C) Interpret the slope coefficient.
D) Test for a significant relationship. Use?= 0.05.
E) Did the estimated linear regression equation provide a good fit?
F) What maintenance cost can the firm expect if the terminal is used 25 hours per week?
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