{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

OilWellGary - x[Depth(feet 5000 5200 6000 6538 7109 7556...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
x [Depth (feet)] y [Cost ($1000)] xy 5000 2596.80004882812 12984000.24414060000 25000000 5200 3328.00000000000 17305600.00000000000 27040000 6000 3181.10009765625 19086600.58593750000 36000000 6538 3198.39990234375 20911138.56152340000 42745444 7109 4779.89990234375 33980308.40576170000 50537881 7556 5905.60009765625 44622714.33789060000 57093136 8005 5769.20019531250 46182447.56347660000 64080025 8207 8089.50000000000 66390526.50000000000 67354849 8210 4813.10009765625 39515551.80175780000 67404100 8600 5618.70019531250 48320821.67968750000 73960000 9026 7736.00000000000 69825136.00000000000 81468676 9197 6788.29980468750 62431993.30371090000 84584809 9926 7840.79980468750 77827778.86132810000 98525476 10813 8882.50000000000 96046472.50000000000 116920969 13800 10489.50000000000 144755100.00000000000 190440000 14311 12506.59960937500 178981947.00976600000 204804721 137498 101523.99975585900 979168137.35498100000 1287960086 16 12.2.4 (a) 1.00333903522 -2277.06943177557 y = -2276.06609274036 (b) $1,003,339.04 (c) $7,756,320.92 (d) 70938472.63273260000 (e) The model estimates this cost to be $17,789,711.27 but this is unreliable because it is extrapolated from collecte 12.3.3 (a) 106353835.75000000000 0.81670335163 (b) 0.02500000000 14.00000000000 2.14500000000 left boundary: -0.74848965402 right boundary: 2.75516772446 confidence interval:(0.820, 1.186) (c) H_0: Beta_1 = 0 versus H_A: Beta_1 <> 0 1.22852322477 This is off the chart, so p < 0.001 The low p-value indicates that the slope parameter is nonzero, x 2 n = β 1 = β 0 = σ 2 = S XX = SE( β 1 ) = α = v = t = t -stat =
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
12.4.4 t_.025,14 = 2.14500000000 9500.00000000000 s.e. = 2231.95184925556 "left boundary": 2467.11468613286 (times $1000) "right boundary": 12042.18811943920 (times $1000) confidence interval:( ($6,754,500.58, $7,754,802.22) 12.5.3 t_.025,14 = 2.14500000000 9500.00000000000 7254.65140278603 8422.49800431752 1.06250000000 821515.64062500000 106353835.75000000000 Δ = 18689.84199661200 "left boundary": -11435.19059382590 (times $1000) "right boundary": 25944.49339939800 (times $1000) confidence interval: ($5,302,135.87, $9,207,166.93)
Image of page 2
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern