Like many businesses, The National Hurricane Center also participates in a program to improve the quality of

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Like many businesses, The National Hurricane Center also participates in a program to improve the quality of data and predictions by government agencies. They report their errors in predicting the path of hurricanes. The following scatterplot shows the trend in 48- hour tracking errors since 1970. (www.nhc.noaa.gov/verification/pdfs/1970-present_OFCL_ATL_verification/pdfs/1970-present_OFCL_ATL_annual_trk_errors_noTDs. pdf)
Like many businesses, The National Hurricane Center also participates in

a) Interpret the slope and intercept of the regression model.
b) Interpret se in this context.
c) If the Center had a goal of achieving an average tracking error of 50 nautical miles by 2015, will they make it? Explain.
d) Use technology to compute the Durbin- Watson statistic and comment.
e) What cautions would you state about your conclusion?

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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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