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Glen Mills Company is interested in establishing the relationship between utility costs and machine hours. Data has been collected and a regression analysis prepared using
Glen Mills Company is interested in establishing the relationship between utility costs and machine hours. Data has been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month Machine Hours Electricy Costs january 2400 28000 February 2300 27500 March 2500 29000 April 2600 30500 May 2700 31000 June 2800 32500 July 2900 34000 August 2800 32500 September 2700 31000 October 2600 30500 November 2500 29000 December 2400 28000 Perform a regression analysis on the above data and generate a summary output
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