11-17-10 --- Chapter 14 Homework

11-17-10 --- Chapter 14 Homework - Boat baggagecapacity S14...

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

View Full Document Right Arrow Icon
Boat baggage capacity price ($) S14 4 1595 orinoco 4 1399 outside pro 4 1890 explorer 380X 3 795 river XK2 2.5 600 Sea tiger 4 1995 maverik II 3 1205 starlite 100 2 583 fat pack cat 3 1048 b. positive relationship e. the slope is positive. Therefore, as baggage capacity increases, so does the price f. y= 638.76(3)-859.26       = 1057.02 SUMMARY OUTPUT Regression Statistics Multiple R 0.91 R Square 0.84 Adjusted R Square 0.81 Standard Error 227.47 Observations 9 ANOVA df SS MS F Significance F Regression 1 1858709.27 ### 35.92 0 Residual 7 362206.95 51743.85 Total 8 2220916.22 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept -859.26 357.47 -2.4 0.05 -1704.53 -13.98 -1704.53 -13.98 1.5 2 2.5 3 3.5 4 4.5 0 500 1000 1500 2000 2500 f(x) = 638.76x - 859.26 R² = 0.84 #5
Background image of page 1

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

View Full DocumentRight Arrow Icon
baggage capacity 638.76 106.58 5.99 0 386.74 890.77 386.74 890.77
Background image of page 2
Production Volume (units) Total Costs ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 b.  $7.60 c.  r-squared = .9587      95.87% can be explained by production volume d.  y = 7.6(500)+1246.7          = $5046.70 SUMMARY OUTPUT Regression Statistics Multiple R
Background image of page 3

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

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

This note was uploaded on 11/18/2010 for the course BUAD 310 taught by Professor L during the Fall '10 term at N.C. A&T.

Page1 / 11

11-17-10 --- Chapter 14 Homework - Boat baggagecapacity S14...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online