18. Construction Projects An analyst wanted to predict the time required to complete a construction project (y)

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18. Construction Projects An analyst wanted to predict the time required to complete a construction project (y) using four variables—size of the contract 1 x (in $1000 units), number of workdays adversely affected by the weather 2 x , number of subcontractors involved in the project 4 x , and a variable 3 x that measured the presence ( 1) 3 x 5 or absence

( 0) 3 x 5 of a workers’ strike during the construction.

Fifteen construction projects were randomly chosen, and each of the four variables as well as the time to completion were measured.

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An analysis of these data using a first-order model in 1 x , 2 x , 3 x , and 4 x produced the following printout. Give a complete analysis of the printout and interpret your results. What can you say about the apparent contribution of 1 x and 2 x in predicting y?

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Introduction To Probability And Statistics

ISBN: 9780357114469

15th Edition

Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver

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