Skodel Ltd employs a local transport company to deliver beers to local supermarkets. To develop better work

Question:

Skodel Ltd employs a local transport company to deliver beers to local supermarkets. To develop better work schedules, the managers want to estimate the total daily travel time for their drivers’ journeys. Initially, the managers believed that the total daily travel time would be related closely to the number of miles travelled in making the daily deliveries (Table 8.23).

Journey 1 2 3 4 5 a 7 8 00 9 10 Table 8.23 Miles travelled, x 100 50 100 100 50 80 75 65 90 90 Travel time

(a) Plot a scatter plot and comment on a possible relationship between travel time and miles travelled.

(b) Use the Excel data analysis regression tool to undertake the following tasks:

(i) State the least squares regression model equation

(ii) Comment on model reliability (r and COD)

(iii) Is the independent variable significant (F or t-test)?

(iv) Check model assumptions (residual and normality checks).

Step by Step Answer:

Related Book For  answer-question

Business Statistics Using Excel

ISBN: 9780199659517

2nd Edition

Authors: Glyn Davis, Branko Pecar

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