Unit 6 Final Project Case 3

Unit 6 Final Project Case 3 -...

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SUMMARY OUTPUT Regression Statistics Multiple R 0.988135139 R Square 0.976411053 Adjusted R Square 0.974936744 Standard Error 1005.64437 Observations 18 ANOVA df SS MS F Significance F Regression 1 669781231.5 669781231.5 662.2837824 1.9027E Residual 16 16181129.59 1011320.599 Total 17 685962361.1 Coefficients Standard Error t Stat P-value Lower 95% Intercept 70880.25247 394.5456889 179.6503028 7.13814E-28 70043.852 Cumulative Hours of Training 5.093444502 0.197919925 25.73487483 1.9027E-14 4.6738730 RESIDUAL OUTPUT Observation Predicted Productivity(lbs./week) Residuals Standard Residuals 1 70880.25247 -880.2524696 -0.90225084 2 71389.59692 -1039.59692 -1.065577464 3 72153.6136 -1653.613595 -1.694939016
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4 72790.29416 -190.294158 -0.195049795 5 73554.31083 445.6891667 0.456827375 6 74700.33585 1799.664154 1.844639521 7 75337.01641 1662.983591 1.704543177 8 76483.04142 916.9585779 0.93987427 9 77501.73032 398.2696775 0.408222826 10 78265.747 -1065.746998 -1.092381058 11
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Unformatted text preview: 79335.37034-435.3703433-0.446250674 12 80557.79702 442.2029761 0.453254061 13 82595.17482-95.17482477-0.097553337 14 84123.20818-123.2081754-0.126287268 15 85396.5693 1103.430699 1.131006511 16 86924.60265 75.39734834 0.077281602 17 88707.30823-107.3082274-0.109989965 18 91254.03048-1254.030479-1.285369927 As seen above, you can see that as the hours increase so will productivity. As predicted the more hours that are giving coincidentally the more pounds the company will produce. These do not include other variables such as overtime or hiring temporary or permanent staff to produce said estimated production in pounds. Further research and investigation is needed to determine which method should be used. The method that is chosen should be the method that produces the most without lose of income....
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This note was uploaded on 01/26/2012 for the course BUSINESS Accounting taught by Professor N/a during the Spring '11 term at Kaplan University.

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Unit 6 Final Project Case 3 -...

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