Question: Finger dexterity, the ability to make precisely coordinated finger movements to grasp or assemble very small objects, is important in jewelry making. Subsequently, the manufacturing

Finger dexterity, the ability to make precisely coordinated finger movements to grasp or assemble very small objects, is important in jewelry making. Subsequently, the manufacturing manager at Gemco, a manufacturer of high-quality watches, wants to develop a regression model to predict the productivity (in watches per shift) of new employees based on dexterity. He has subjected a sample of 20 current employees to the O’Connor dexterity test in which the time required to place 3 pins in each of 100 small holes using tweezers is measured. A portion of the data is shown in the accompanying table.

Time (seconds)                       Watches per shift

513……………………………………….23

608……………………………………….19

⋮……………………………………………⋮

437……………………………………….20

a. Use Excel to estimate the model: Watches = β0 + β1Time + ε.

b. Interpret the coefficient of Time.

c. Explain why the y-intercept makes no practical sense in this particular problem.

d. Suppose a new employee takes 550 seconds on the dexterity test. How many watches per shift is she expected to produce?

Step by Step Solution

3.46 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a As the time increases by 1 second the number of watches ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1140-M-S-L-R(8705).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!