The Manufacturing database associated with this text and found in
The Manufacturing database associated with this text and found in Wiley PLUS has a variable, Value of Industrial Shipments that is coded 0 if the value is small and 1 if the value is large. Using Minitab, a logistic regression analysis was done in an attempt to predict the value of industrial shipments by the number of production workers. The Minitab output is given below. Study the output. What is the model?
How good is the overall fit of the model? Comment on the strength of the predictor. Use the model to estimate the probability that a selected company has a large value of industrial shipments if their number of production workers is30.
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