Question: A manufacturing manager uses a dexterity test on 20 current employees in order to predict watch production based on time to completion (in seconds). A

A manufacturing manager uses a dexterity test on
20 current employees in order to predict watch production based on time to completion (in seconds). A portion of the data is shown below.

  1. Estimate the linear model: Watches = Bo + B,Time + &. Interpret the
    slope coefficient. If the time required to complete the dexterity test is 550 seconds, what is the predicted watch production?
  2. Estimate the logarithmic model: Watches = Bo + B, In(Time) + &.
    Interpret the slope coefficient. If the time required to complete the dexterity test is 550 seconds, what is the predicted watch production?
  3. Which model provides a better fit? Explain.
WatchesTime
23513
19608
10915
30314
15896
18694
22514
26450
11922
28388
23494
20566
18705
28383
12937
14921
20476
21556
14825
20437
WatchesTime
23513
19608
10915
30314
15896
18694
22514
26450
11922
28388
23494
20566
18705
28383
12937
14921
20476
21556
14825
20

437

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To estimate the linear and logarithmic models you can use a statistical software or calculator Since I cannot perform these calculations directly Ill ... View full answer

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