One possible model for the manufacturing process of Exercise is the following: Dependent variable is: Log( Cost
Question:
One possible model for the manufacturing process of Exercise is the following:
Dependent variable is: Log( Cost per unit)
R squared = 90.1% R squared (adjusted) = 89.3%
s = 0.0841 with 15 - 2 = 13 degrees of freedom
Using this model, predict the cost per unit in a batch of 300.
Transcribed Image Text:
Variabl Coefficient SE(Coeff) t-ratio P-value Intercept 0.7618 0.0405 18.8 <0.0001 #Units 0.004 0.0004 0.0004-10.9 <0.0001
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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