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Given the following information, use Excels Regression tool and scatter plot tool to: (No need to show the regression and scatter plot just answer the
Given the following information, use Excels Regression tool and scatter plot tool to: (No need to show the regression and scatter plot just answer the questions.) (c) What is the 95% prediction interval for the true overhead when the number of units produced is 1,000? 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
+ Units produced Month 1 2 3 4 5 6 7 Manuf. Overhead 500 131,000 600 135,000 400 104,000 300 76,000 800 186,000 900 190,100 600 150,000 400 98,000 300 78,000 200 60,000 400 108,000 600 152,000 700 158,000 500 134,380 300 86,000 200 60,000 8 9 10 11 12 13 14 15 16Step by Step Solution
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