Question
The 3M Company (real company but fictional data) manufactures Scotch tape, among other things. A regression analysis of the electricity cost involved in the manufacturing
The 3M Company (real company but fictional data) manufactures Scotch tape, among other things. A regression analysis of the electricity cost involved in the manufacturing process reveals the following:
| Coefficients | Standard error | t Stat | P-value | |
|---|---|---|---|---|
| Intercept | 1805.36 | 945.098 | 1.910233 | 0.088428663 |
| Electricity cost | 3.63 | 0.339188 | 10.68839 | 0.00000205 |
What is 3M Companys equation for the electricity cost of producing tape?
y = $1,805.36
y = $3.63
y = $1,805.36 + $3.63x
y = $1,805.36x + 3.63
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Auditing Algorithms Understanding Algorithmic Systems From The Outside In Foundations And Trends
Authors: Danaë Metaxa, Joon Sung Park, Ronald E Robertson, Karrie Karahalios, Christo Wilson, Jeff Hancock, Christian Sandvig
1st Edition
1680839160, 978-1680839166
