In Problem 12.6 on page 424, an owner of a moving company wanted to predict labor hours,

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In Problem 12.6 on page 424, an owner of a moving company wanted to predict labor hours, based on the cubic feet moved (stored in Moving ). Using the results of that problem,

a. determine the coefficient of determination, r², and interpret its meaning.

b. determine the standard error of the estimate.

c. How useful do you think this regression model is for predicting labor hours?

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Business Statistics A First Course

ISBN: 9780321979018

7th Edition

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

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Question Posted: Jul 16, 2015 09:51 PM

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In Problem 12.6 on page 424, an owner of a moving company wanted to predict labor hours,

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a r 2 08892 So 8892 of the variation in ...View the full answer

Business Statistics A First Course

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