# Question

One possible model for the manufacturing process of Exercise is the following:

Dependent variable is: Log( Cost per unit)

R squared = 90.1% R squared (adjusted) = 89.3%

s = 0.0841 with 15 - 2 = 13 degrees of freedom

Using this model, predict the cost per unit in a batch of 300.

Dependent variable is: Log( Cost per unit)

R squared = 90.1% R squared (adjusted) = 89.3%

s = 0.0841 with 15 - 2 = 13 degrees of freedom

Using this model, predict the cost per unit in a batch of 300.

## Answer to relevant Questions

A concert production company examined its records. The manager made the following scatterplot. The company places concerts in two venues, a smaller, more in-timate theater (plotted with blue circles) and a larger auditorium- ...An intern who has created a linear model is disappointed to find that her R2 value is a very low 13%. a) Does this mean that a linear model is not appropriate? Explain. b) Does this model allow the intern to make accurate ...Each of the following scatterplots a– d shows a cluster of points and one “ stray” point. For each, answer questions 1– 4: 1) In what way is the point unusual? Does it have high le-verage, a large residual, or both? ...The concert production company of Exercise made a second scatterplot, this time relating Total Revenue to Ticket Sales. a) Describe the relationship between Ticket Sales and Total Revenue. b) How are the results for the ...Find the predicted value of y, using each model for x = 10. a) y-hat = 2 + 0.8 ln x b) log y-hat = 5 – 0.23x c) 1/√y-hat = 17.1 – 1.66xPost your question

0