The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in the past, but the owner has the business objective of developing a more accurate method of predicting labor hours. In a preliminary effort to provide a more accurate method, the owner has decided to use the number of cubic feet moved and the number of pieces of large furniture as the independent variables and has collected data for 36 moves in which the origin and destination were within the borough of Manhattan in New York City and the travel time was an insignificant portion of the hours worked. The data are organized and stored in Moving .
a. State the multiple regression equation.
b. Interpret the meaning of the slopes in this equation.
c. Predict the mean labor hours for moving 500 cubic feet with two large pieces of furniture.
d. Perform a residual analysis on your results and determine whether the regression assumptions are valid.
e. Determine whether there is a significant relationship between labor hours and the two independent variables (the number of cubic feet moved and the number of pieces of large furniture) at the 0.05 level of significance.
f. Determine the p value in (e) and interpret its meaning.
g. Interpret the meaning of the coefficient of multiple determination in this problem.
h. Determine the adjusted r2.
i. At the 0.05 level of significance, determine whether each independent variable makes a significant contribution to the regression model. Indicate the most appropriate regression model for this set of data.
j. Determine the p values in (i) and interpret their meaning.
k. Construct a 95% confidence interval estimate of the population slope between labor hours and the number of cubic feet moved. How does the interpretation of the slope here differ from that in Problem 12.44 on page 443?
l. What conclusions can you reach concerning labor hours?