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.
- 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? - 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? - Which model provides a better fit? Explain.
| Watches | Time |
| 23 | 513 |
| 19 | 608 |
| 10 | 915 |
| 30 | 314 |
| 15 | 896 |
| 18 | 694 |
| 22 | 514 |
| 26 | 450 |
| 11 | 922 |
| 28 | 388 |
| 23 | 494 |
| 20 | 566 |
| 18 | 705 |
| 28 | 383 |
| 12 | 937 |
| 14 | 921 |
| 20 | 476 |
| 21 | 556 |
| 14 | 825 |
| 20 | 437 |
| Watches | Time |
| 23 | 513 |
| 19 | 608 |
| 10 | 915 |
| 30 | 314 |
| 15 | 896 |
| 18 | 694 |
| 22 | 514 |
| 26 | 450 |
| 11 | 922 |
| 28 | 388 |
| 23 | 494 |
| 20 | 566 |
| 18 | 705 |
| 28 | 383 |
| 12 | 937 |
| 14 | 921 |
| 20 | 476 |
| 21 | 556 |
| 14 | 825 |
| 20 | 437 |
Step by Step Solution
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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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