Using the data provided in E6- 30A, the laboratory manager performed a regression analysis to predict total
Question:
Requirements
1. Determine the labs cost equation (use the output from the Excel regression).
2. Determine the R- square (use the output from the Excel regression).
3. Predict the total laboratory overhead for the month if 2,800 tests areperformed.
Transcribed Image Text:
UMMARY OUTPUT Regression Statistics 0.92398 0.853738 0.824486 3 Mutiple R 4 RSquare 5 Adjusted R Square 6 Standard Error 7 Observations 8 ANOVA MS SignificanceF 10 Regression 11 Residual 12 Total 13 14 1 138303137.57 13830313757 29.185259 0.002937 5 2369400529 4738801058 Standad LowerUpper 95% Coericiens Eror t Sot Pydue 95% 6 Intercept X Variable1 18 10637 34 2932412 0.914 3.628 5.402 00153099.339 18175.349 2.589 4.94 0.003 7.289
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Req 1 y 494x 1063734 Req 2 The Rsquare is 0853738 This indicates th...View the full answer
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