A regional express delivery service company recently conducted a study to investigate the relationship between the cost
Question:
a. Estimate a multiple regression equation involving the two given explanatory variables. What do the results in the ANOVA table indicate about this regression?
b. Is it worthwhile to add the terms X21 and X22 to the regression equation in part a? Base your decision here on a partial F test and a 5% significance level.
c. Is it worthwhile to add the term X1X2 to the most appropriate reduced equation determined in part b? Again, perform a partial F test with a 5% significance level.
d. What regression equation should this company use in predicting the cost of shipping a package? Defend your recommendation.
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Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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