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Year Manufacturing Overhead Activity Driver 1 Activity Driver 2 Activity Driver 3 2000 4,234,155 6,174 790 48,555 2001 1,402,088 2,942 339 42,947 2002 7,567,442 2,175
Year | Manufacturing Overhead | Activity Driver 1 | Activity Driver 2 | Activity Driver 3 |
2000 | 4,234,155 | 6,174 | 790 | 48,555 |
2001 | 1,402,088 | 2,942 | 339 | 42,947 |
2002 | 7,567,442 | 2,175 | 781 | 44,462 |
2003 | 4,068,697 | 5,326 | 158 | 68,065 |
2004 | 5,189,409 | 3,195 | 702 | 34,202 |
2005 | 5,701,503 | 4,554 | 648 | 82,552 |
2006 | 3,439,352 | 3,091 | 225 | 25,170 |
2007 | 2,406,817 | 2,720 | 411 | 86,411 |
2008 | 3,167,239 | 1,723 | 590 | 38,382 |
2009 | 3,720,244 | 4,556 | 558 | 64,473 |
2010 | 1,731,135 | 2,680 | 169 | 37,526 |
2011 | 1,956,464 | 2,244 | 401 | 77,867 |
2012 | 6,706,160 | 4,294 | 594 | 26,068 |
2013 | 3,750,324 | 2,725 | 200 | 26,169 |
2014 | 5,202,511 | 6,785 | 359 | 74,815 |
2015 | 3,921,531 | 1,715 | 296 | 77,867 |
1) Use Excel to regress Manufacturing Overhead on Activity Driver 1 and Activity Driver 2. Label your new tab "Model 1". | ||||||||||
Hint: You regress a dependent variable on an independent variable(s). | ||||||||||
2) Use Excel to regress Manufacturing Overhead on Activity Driver 1. Label your new tab "Model 2". | ||||||||||
3) Use Excel to regress Manufacturing Overhead on Activity Driver 2. Label your new tab "Model 3". | ||||||||||
4) Which is the best model? Why? Make sure to write out the regression equation for the best model. |
6) If Activity Driver 1 = 525 and Activity Driver 2 = 3,100, what is the expected Manufacturing Overhead? | ||||||||
Expected Manufacturing Overhead = | ||||||||
7) Build a 90% Confidence Interval for the expected Manufacturing Overhead. | ||||||||
90% Confidence Interval = | ( | , | ) |
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