Question

Refer to exercise 21, where data on production volume and cost were used to develop an estimated regression equation relating production volume and cost for a particular manufacturing operation. Use α = .05 to test whether the production volume is significantly related to the total cost. Show the ANOVA table. What is your conclusion?
In exercise
Production Volume (units) Total Cost ($)
400 ................... 4000
450 ................... 5000
550 ................... 5400
600 ................... 5900
700 ................... 6400
750 ................... 7000



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  • CreatedFebruary 16, 2015
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