A regression analysis was performed to determine the relationship between the costs of a product (y),...
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A regression analysis was performed to determine the relationship between the costs of a product (y), the time to make the product (x 1), the number of different materials used (x 2), and the amount spent on marketing the product (x 3). The estimated regression equation is ŷ = 83 – 2x, + 6x,+1.1x3. What is the estimated cost if the time to make the product is 5 hours, the number of different materials used is 4, and the amount spent on marketing is $100? a. 83 b. 213 c. 185.4 d. 205.4 A regression analysis was performed to determine the relationship between the costs of a product (y), the time to make the product (x 1), the number of different materials used (x 2), and the amount spent on marketing the product (x 3). The estimated regression equation is ŷ = 83 – 2x, + 6x,+1.1x3. What is the estimated cost if the time to make the product is 5 hours, the number of different materials used is 4, and the amount spent on marketing is $100? a. 83 b. 213 c. 185.4 d. 205.4
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Related Book For
An Introduction to Statistical Methods and Data Analysis
ISBN: 978-1305269477
7th edition
Authors: R. Lyman Ott, Micheal T. Longnecker
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