One possible model for the manufacturing process of Exercise is the following: Dependent variable is: Log( Cost

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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.

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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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Question Posted: May 15, 2015 05:32 AM

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One possible model for the manufacturing process of Exercise is the following: Dependent variable is: Log( Cost

Question:

Variabl Coefficient SE(Coeff) t-ratio P-value Intercept 0.7618 0.0405 18.8 <0.0001 #Units 0.004 0.0004 0.0004-10.9 <0.0001

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The estimated regression equation is yha...View the full answer

Business Statistics

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