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Is there a relation between time (in hours) a machinery operates and the time (in hours) the machinery requires repair? Please use the following Excel
Is there a relation between time (in hours) a machinery operates and the time (in hours) the machinery requires repair?
Please use the following Excel print-outs to answer the questions.
SUMMARY OUTPUT | |
Regression Statistics | |
Multiple R | 0.797294 |
R Square | 0.635677 |
Adjusted R Square | 0.599245 |
Standard Error | 6.836855 |
Observations | 12 |
Coefficients | Standard Error | t Stat | P-value | |
Intercept | 26.15 | 7.067868 | 3.700007 | 0.004108 |
Operation | 0.019 | 0.00464 | 4.177105 | 0.001896 |
A- Write down the equation of the least squares regression line to predict the reparation time from operation time.
b- Predict the reparation time when operation time is 1300 Hs
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