Question
Sherry is a production manager for a small manufacturing shop and is interested in developing a predictive model to estimate the time to produce an
Sherry is a production manager for a small manufacturing shop and is interested in developing a predictive model to estimate the time to produce an order of a given size---- that is, that total time to produce a certain quantity of the product. She has collected data on the total time to produce 30 different orders of various quantities in the fileSetup.
A)Interpret the slope coefficient.
B) Test for a significant relationship. Use= 0.05. (PLEASE USE P-VALUE APPROACH STATING THE NULL AND ALTERNATIVE HYPOTHESIS)
C) Did the estimated linear regression equation provide a good fit?
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