Refer to the IHS Journal of Hydraulic Engineering (September 2012) study of water pipes susceptible to breakage,

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Refer to the IHS Journal of Hydraulic Engineering (September 2012) study of water pipes susceptible to breakage, Exercises 11.21 and 11.37. Recall that civil engineers used simple linear regression to model the ratio of repair to replacement cost of commercial pipe (y) as a function of the diameter (x, in millimeters) of the pipe. The Minitab printout of the analysis is reproduced on the next page. Are the engineers able to conclude (at α = .05) that the cost ratio increases linearly with pipe diameter? If so, provide a 95% confidence interval for the increase in cost ratio for every 1-millimeter increase in pipediameter. (This interval is shown on the printout.)
Madel parameters: Pr> It 11.9148 <0,0001 Lower bound (95K) Upper bound (95%) 8086.7957 -254.1249 Standard error 829.0411
Hodel mary R-sq R-ag (adj) PRESS R-ag ipred) 92.094 0.221034 95.2EN 4.83 3.197108 Coefticients Coet BE Coe! 6.670 -Value
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Statistics For Business And Economics

ISBN: 9780134506593

13th Edition

Authors: James T. McClave, P. George Benson, Terry Sincich

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