Question
Given the following information, use Excels Regression tool and scatter plot tool to: (d) What is the estimated overhead if 1,000 units are produced? (e)
Given the following information, use Excels Regression tool and scatter plot tool to: (d) What is the estimated overhead if 1,000 units are produced?
(e) What is the 95% prediction interval for the true overhead when the number of units produced is 1,000?
(f) 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 |
(Note: To use the Regression tool, you need to install the add-in Analysis Toolpak. Click file>click options>click add-ins>highlight Analysis Toolpak>click go>in the box that opens, check Analysis Toolpak>click ok. To access the Regression tool, click Data tab>click Data analysis>highlight Regression>click ok. For Apple computers, click on tools first and then click on add-ins.)
Can You post the answer in an excel worksheet pleae****
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