Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with this one Question 3 3 pts A bank manager wants to learn more about the relationship between the time a customer

I need help with this one

image text in transcribed
Question 3 3 pts A bank manager wants to learn more about the relationship between the time a customer has to wait to be served and the overall satisfaction with the bank's service. He measures waiting time for a sample of 7 randomly selected customers, and then asked them to answer a survey to h nd an overall satisfaction score. Below is a portion of the output from a regression analysis relating satisfaction score {the dependent variable) to wait time (the independent variable]. C f _ t Standard tSt t P | Lower Upper '36 \"e" 5 Error 3 \"a \"e 95% 95% Intercept 66.9532 3.5494 18.8631 0.0000 57.8291 76.0772 Waittime -0.0899 0.0218 -4.1209 0.0092 -0.1459 -0.0338 (seconds) What is the estimated regression equation? Round your answers to4 decimal places. For subtractive or negative numbers use a minus sign even ifthere is a + sign before the blank. (Example: -300] Estimated satisfaction score= |:| + |:| *Wait Time If wait time is 90 seconds, what is the predicted satisfaction score rounded to 1 decimal For reference, the original data used to fIt the model is shown below. Wait time _ _ (seconds) Satisfaction score 35 69 80 62 15 70 140 45 100 59 86 52 375 37

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Engineering Mathematics

Authors: Erwin Kreyszig

10th edition

470458364, 470458365, 978-0470458365

More Books

Students also viewed these Mathematics questions