A shipping company believes that the variation in the cost of a customers shipment can be explained
Question:
a. Construct a scatter plot for these data. What, if any, relationship appears to exist between the two variables?
b. Compute the linear regression model based on the sample data. Interpret the slope and intercept coefficients.
c. Test the significance of the overall regression model using a significance level equal to 0.05.
d. What percentage of the total variation in shipping cost can be explained by the regression model you developed in part b?
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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